PMP Exam Prep and Renewal - Math Prep for PMP Exam (14 PDUs)

In this section, I will explain this concept as simple as possible so that you understand it easily. So, if you are ready, let’s start the lectures.

As I said at the beginning of the Earned Value lectures, to explain the EVM Concepts, we will go through an example.

In the previous lectures, we have talked about the basic principles for the Earned Value Analysis. By only knowing the subjects we have seen up to here, you will be able to solve 2 third of the questions regarding Earn Value Analysis. But since you want to solve all of the questions, you need to follow the rest of the EVM lectures.

In this lecture we will simulate the 60th and the 80th days of the same example we have discussed in the previous lectures.

In this lecture, we continue the EVM calculations of the 60th day of our example.

In this lecture, we will simulate the 80th day of the example we have discussed in the previous lectures.

In this lecture, we will do the calculations of the 3rd example which we have discussed in the previous lecture.

Solidify your knowledge by solving these questions. (In Video Format)

Solidify your knowledge by solving these questions. (In Video Format)

Before the project is chartered, some analysis should be done to decide whether to start or not to start the project. These analyses are called the Project Selection Methods, which we are going to explain in this section.

Before starting the project, some analysis should be conducted to decide whether or not to start the project. Sometimes, not starting a project, may be a better option than starting it. There are some methods help us to make the right decision.

I.R.R. is the abbreviation of the Internal Rate of Return. Internal Rate of Return calculation is very complicated, but the good news is you don’t need to know how to calculate it for the exam.

The Payback Period is the time required to repay the investment with net cash outflow generated after the project is closed.

Another Economic Model for project selection is the Cost-Benefit analysis. In this method, the cost of the project is compared with the benefits of the project.

Before starting the present value lecture, let’s understand what the Present Value means.

Next and the last economic model is the Net Present Value.

Up to now, we have learned some of the Project Selection Methods. Now, let’s briefly talk about how to select the project; this is, we will learn which project is the best project according to the results we get from the Economic Models.

In this lecture, I will explain some of the accounting terms you need to know for the exam.

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In this lecture, we will learn how to determine the duration of the activities one by one.

In the previous lecture, we have seen the One Point Estimating, Analogous Estimating and the Parametric Estimating techniques. Here in this lecture, we will discuss the Three-Point Estimating technique in detail.

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Hi there. In this section, we will discuss the Critical Path Method, Schedule Compression, Simulation Techniques, and Resource Optimization which are the commonly used techniques in the Schedule Management knowledge area. First of all, we need to learn how to sequence the activities and here in this first lecture, we will talk about that.

In this lecture, we will learn how to draw a network diagram from a given activities list with dependencies.

In this lecture, we will learn how to do the scheduling calculations by using the Critical Path Method.

In this lecture, we will learn how to do the Critical Path Method calculations. First, we will talk about the Forward Pass and the Backward Pass. Then, we will learn how to calculate the Floats and how to find the Critical Paths.

In the previous lectures, we have learned, how to make schedule calculations; so, we know how to find the critical path and how to calculate the total duration of the project. OK, what about this? Let’s say you calculated the project duration and when you present it to your sponsor, he said: “We need to complete the project in a shorter time”. What would you do?

There may be hundreds of activities in a network diagram. Each activity has its own source. For example, resources are different for each activity. Differences in these sources may result in different results on the Project. We use simulation techniques to investigate the different results of different scenarios.

In this lecture, we will talk about the two Resource Optimization techniques: Resource Leveling and Resource Smoothing.

Solidify your knowledge by solving these questions. (In Video Format)

Solidify your knowledge by solving these questions. (In Video Format)

We calculate the number of communication channels as part of the Communication Requirements Analysis, which is a technique, used for planning Communications Management. In this lecture, we will talk about how to do these calculations.

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In this section, we will learn the math concepts related to the Risk Management knowledge area. In this first lecture, we will discuss the Qualitative Risk Analysis.

In this lecture we will talk about the Quantitative Risk Analysis.

In this lecture we will start to learn how to conduct the Quantitative Risk Analysis.

In the previous lecture, we learned how to do the Expected Monetary Value calculations. Now, in this lecture, we will learn the calculations for another Quantitative analysis method, the Decision Tree Analysis.

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In this lecture, we will talk about the Make-or-Buy analysis, which is a technique mostly used in the Procurement Management knowledge area.

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There are several contract types exist, and in this lecture, we will learn the ones you need to know for the exam.

In this lecture, we will continue to talk about the Contract Types. We have discussed the Fixed Price contracts in the previous lecture; now it is time to talk about the other types.

Up to now, we have talked about the contract types. We mentioned some of the Risks, but we haven’t compared the Risks according to the Contract Types. In this lecture, we will prioritize the Contract types, based on the Risks they include.

In this lecture, we will learn how to solve the math questions related to contracts.

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