PMTI Student Key Sheet

Use your daily braindump of keysheet with classroom mock tests

Earned Value Management (EVM) Normal Distribution 5 Pts
Concepts: Planned Value (PV), Actual Cost (AC), 1 sigma = 68.26%;
Earned Value (EV), Budget At Completion (BAC) 2 sigma = 95.46%
BAC = Total PV at Completion 3 sigma = 99.73%
Earned Value (EV) = % complete * BAC 6 sigma = 99.999%
Cost Variance (CV) = EV – AC (>0 good) 1 SD = 1 Sigma
Schedule Variance (SV) = EV – PV (>0 good)
Cost Performance Index (CPI) = EV/AC (>1 good) Present Value : FV
Schedule Performance Index (SPI) = EV/PV (>1 good) (1+r ) n
Estimate At Completion (EAC) = AC / %Comp., BAC/CPI FV=future value; r=rate of interest
Estimate To Complete (ETC) = EAC – AC; EAC=ETC+AC n = number of time periods
Variance At Completion (VAC) = BAC - EAC 10 Pts 2 Pts

PERT = (O+4M+P) / 6 ; SD of Activity (SD) = (P-O)/6 Communication

2
Variance of Activity = [SD] ; Float = LS—ES = LF—EF 8 Pts Channels
N (N-1)
PTA = ((Ceiling Price - Target Price)/Buyer's Share Ratio) + Target Cost 2
EMV (Expected Monetary Value) = Impact * Probability 5 Pts 2 Pts

Project Management Process Groups — Highlights

Initiating Planning
- Org. Strategic (in approx. order)
Plan - Project scope mgmt. plan
- Project SOW/ - Detailed Scope Statement
Contract - WBS, WBS dictionary
- Assumptions - Activity Definition
- Constraints - Activity Sequencing
- PM Assigned - Activity Resource Req.
- Project Charter - Activity Duration Est.
- ROM Cost Est. - Network Diagram
- Broad Scope - Risk Identification
- Major Deliverables - Qualitative and
- Proj. Boundaries quantitative risk analysis
- Acceptance - Risk Mgmt. Planning
Criteria - Risk Response Planning
- Prelim. Scope - Cost Estimates
Statement - Cost Budgeting
12 Pts
- Schedule Development
- HR Planning
- Staffing Mgmt Plan
- RAM, RBS, OBS
- Change Control Plan
- Quality Mgmt. Plan
- Communication Plan
- Procurement Mgmt. Plan
- Process Improvement
- Plan Contracting (RFPs)
- Finalized Project Plan
- Kick-Off meeting 25 Pts
Executing Monitoring and
- Acquire Project Team Controlling
- Receive Proposals - Project Performance
from Vendors Report
- Select the vendor - Performance Evals
- Executing the plan - Change Control:
- Work Pkg. Execution • Scope
- Develop Project Team • Schedule
- Perform Quality • Cost
Assurance • Quality
- Information Dist. • Risk Monitoring
- Implement Admin • Contract Admin.
closure procedure - Scope Verification
- Manage Team &
Stakeholders
9 Pts
10 Pts
8 Pts Closing
Contract Closure
- Resolution of any
open items
- Procurement audits
- Closed contract
Close Project
- Administrative
Closure Procedure
- Contract Closure
Procedure
- Lessons Learned

<-—–Develop Project team, QA, Risk processes, EVM, QC (Done throughout the project) ––> 4 Pts

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