
Study earned value management through key formulas that compare planned work to actual work and assess cost and schedule progression for the PMP exam.
Learn earned value management formulas, including budget at completion, earned value, actual cost, cost variance, CPI, SPI, and EAC, to forecast project cost and schedule.
explore earned value management through scenario 1. compute plan value, earned value, and actual cost, then interpret cv, cpi, sv, spi, eac, and tcpi.
Explore earned value management through scenario two, where a four-year, four-thousand-dollar project shows 17 months elapsed, 35 percent complete, and $1,500 spent, guiding you through key formulas.
Learn earned value management by calculating cv, cpi, sv, and eac from ev, ac, pv, and bac, and explore rounding effects on results and project forecasting.
Learn easy memorization tips for earned value management formulas, including PV, EV, AC, CV, CPI, SV, SPI, and related concepts like EAC, ETC, VAC, and the to complete performance index.
This lecture introduces the critical path method within schedule management and guides you through drawing a network diagram of activities from start to finish, including parallel tasks A to E.
Calculate the critical path by evaluating all start-to-finish paths and selecting the longest duration. Activities on the critical path have no float or slack, so any delay extends the project.
Calculate float or slack in a project network using early start, early finish, late start, and late finish; determine total float and the zero-slack critical path.
Perform the forward pass to calculate early start and early finish for each activity, using early finish = early start plus duration minus one, and verify the critical path.
Apply the backward pass to compute late starts and finishes, derive early/late times, and reveal the critical path, slack, and total float in CPM.
Differentiate total float from free float and learn to compute free float using the early start of the next activity and the early finish of the current activity.
Practice CPM by drawing a diagram, pausing to perform forward and backward passes, identify the critical path, and calculate total flow and free float for activities A through E.
Draw a complex CPM diagram, identify the critical path, perform forward and backward passes, and compute the float of activity G, with dependencies among B, C, D, and E.
Explore CPM practice for the PMP certification by applying forward and backward passes to a multi-part diagram to identify the critical path and calculate float.
Apply the three point estimate to predict durations with beta or triangular distributions, using optimistic, realistic, and pessimistic values to compute a weighted average and note standard deviation.
Master PERT calculations with three practical examples—roof, kitchen renovation, and a software function—using optimistic, realistic, and pessimistic estimates to compute beta, triangular, and standard deviation.
Learn PMP certification math and formulas for PERT, including beta, standard deviation, and triangular estimates from optimistic, realistic, and pessimistic data, with memorization tips and practice examples.
Develop a communications management plan using expert judgment and communications requirements analysis to determine stakeholder communication needs and channels, applying the n(n-1)/2 formula for lines of communication.
Passing the PMP exam can be a very difficult task. In this course, we will tackle the math section of the exam. This course is updated to match the current PMP exam and will cover the following sections. This course is updated to cover formulas covered in the 2021-Current PMP and CAPM exam:
· Earned Value Management
· Critical Path Method
· Three-Point Estimates
· Communications Formula
EVM or Earned Value Management, is considered one of the most complex topics on a PMP or CAPM exam. This course will review all of the formulas and show you how to apply them in a real-life setting. Students will learn how to memorize the formulas with easy tricks and methods.
This short course is all you will need to answer all of the PMP exam questions with confidence. The course will also include a cheat sheet of the formulas you must memorize to pass your exam.
This course is taught by Instructor and PMP author Andrew Ramdayal. Andrew has over 60 certifications and has authored a few bestselling books for the PMP exam. His book PMP Exam Prep Simplified is Amazon's top PMP study guide and has helped over 100,000 people pass their PMP. Andrew has taught this course to thousands of students worldwide, both in the classroom and online.