Learn PMP Math EVM Concepts in 1 Hr to Dominate the PMP Exam

Go from freaking out about the EVM math problems on the PMP exam to mastering the concepts to confidently answer them.
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  • Lectures 15
  • Length 1.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 8/2014 English

Course Description

Are you apprehensive about all the math problems on the PMP exam? Like thinking about doing math instantly transports you back to being an awkward high school student that dreaded going to algebra class?

It’s not particularly pleasant to think about. But, for many folks taking the PMP, having to do math causes a lot of anxiety.

Why is this? Because many people just freak out thinking that the math on the PMP is upper-level, calculus designed to make us feel stupid.

But that is not the case. In fact, if we were to do an analogy showing what PMP math is really like it would probably look something like this:

PMP Math : Calculus :: Easy Mac : Cooking Pasta from Scratch

In fact, all of the math on the PMP exam is basic arithmetic. Addition. Subtraction. Multiplication. Division. There is nothing complex about the math, it is just knowing the tricks of what they are looking for.

This course is designed to help you relax when it comes to math on the PMP exam, in particular focusing on the Earned Value Management (EVM) analysis. Since becoming a PMP in 2010, I have taught the EVM section to many different students. I start the lecture the same way, telling the students to take a deep breath in and to realize that the math questions are actually something that they should look forward to seeing on the exam.

Why? Because the math problems have a black-and-white answer that can be determined. There is not some abstract, choose-the-best-option type of answers that drive me crazy as a test taker. There is one answer that is the right answer and I can prove it out with a pen and paper.

This EVM course is the first of a series of PMP Math courses I plan on releasing to Udemy. My goal is to not just demystify the PMP math problems, but to also give you the confidence to solve them without having to clutter your mind with a bunch of formulas. Trust me. You will have plenty of other facts and information to memorize for the test that will take up valuable space in your brain.

By the end of this course, you’ll know all about EVM including:

  • The difference between Earned Value and Planned Value
  • How to answer the question as to whether the project is over/under budget
  • How to answer the question as to whether the project is behind/ahead of schedule
  • The difference between variances and indexes (and how to calculate them without having to fret too much about the formulas)
  • How to estimate the final cost of the project at various points in the life cycle

Rather than having a boring slideshow with a voiceover telling you about EVM, I filmed this entire course where you can see me explain each of the concepts and work through examples on a white board. Yeah, I apparently had a bad hair day with my cowlick sticking up—don’t make too much fun of me in the comments. Additionally, there is a PowerPoint file with each of the questions and answers that can help you follow along.

If you want to stop worrying about the math questions and start crushing them, this course is for you.

There is a ton of useful information in this course, and in just 60 minutes from now you can have mastery on how to answer all the EVM questions.

Not convinced? Udemy offers a money back guarantee, so you can get your cash back if you aren’t satisfied. Sounds like a can’t lose deal to me. Enroll in this course now to gain the confidence you need to answer all PMP EVM Math questions.

Garrett Heath, PMP

What are the requirements?

  • Basic Arithmetic Skills
  • Prior Experience Managing/Assisting on a Project
  • Calculator (Suggested But Not Required)

What am I going to get from this course?

  • By the end of this course you will be able to confidently solve any EVM problem on the PMP exam.
  • You will know the difference between variances and indexes and why each are important in EVM analysis.
  • You will be able to tell whether a project is over or under budget and ahead or behind schedule, based on EVM calculations.
  • Rather than having to memorize a lot of formulas, you will have an understanding of all the terms, what they mean and how to derive an answer.

What is the target audience?

  • Professionals taking the PMP exam.
  • PMPs looking to get PDU credit.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: PMP Math: Earned Value Management
01:42

Understand why EVM is such a powerful tool to tell whether a project is on track with regards to budget and schedule.

26 pages

Download these slides if you would like to follow along with the examples that are worked throughout this course.

Planned Value (PV) and Budget at Completion (BAC)
03:30
Earned Value (EV) and Actual Cost (AC)
07:41
Schedule Variance (SV) and Cost Variance (CV) Intro
Preview
10:04
Schedule Variance (SV) Example
03:51
Cost Variance (CV) Example
03:26
Schedule Variance (SV) and Cost Variance (CV) Wrap Up
01:50
Schedule Performance Index (SPI) and Cost Performance Index (CPI) Intro
07:17
Schedule Performance Index (SPI) Example
03:05
Cost Performance Index (CPI) Example
03:45
Estimating Final Costs of a Project
04:38
Estimate at Completion (EAC) Example
07:08
Estimate to Complete and Variance at Completion Examples
02:38
Earned Value Management (EVM) Course Wrap Up
03:47
10 questions

Sample Problems to test your PMP EVM math skills!

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Instructor Biography

Garrett Heath, PMP, Industrial Engineer, Digital Marketer

Hi! My name is Garrett Heath. I am an industrial engineer who was a technical project manager in cloud computing at Rackspace. Today, I work in the marketing department and am responsible for creating content, collaborating on content strategy and managing vendors to support our cloud products.

In my project manager role, I helped manage the creation of a piece of software that is used to support our business, driving down the time to create a proposal and contract substantially. Additionally, I have managed both domestic and foreign teams that have created desktop and mobile applications as side businesses.

In my marketing role I have created several videos with over 100k views, articles that have garnered over 500k reads, white papers that give guidance to server architecture and infographics that have gone viral. I have a passion for storytelling and believe that brands should first communicate with narratives rather than shoving products down a consumer’s throat.

As a writer, I’ve been published on The Next Web, .NET Magazine, Contently's Content Strategist and PR Daily while maintaining a local blog about the food and culture of San Antonio.

I’m responsible for developing an iTunes featured app to help people meet each other at bars, devised another app celebrating San Antonio’s Fiesta that was mentioned in the Wall Street Journal, was a co-creator of the Pi shaped pie pan that raised over $17,000 on Kickstarter and won a trip to Prague on Wheel of Fortune.

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