Please confirm that you want to add PMP® Certification:Super Realistic Exams &Detailed PMP Math to your Wishlist.
This course includes 2 High Quality Realistic PMP® Exams. These exams are created just as the real exam. Proportion of questions from each domain is same as real exam:
Initiating: %13
Planning: %24
Executing: %31
Monitoring & Controlling: %25
Closing: %7
Detailed PMP® Math Sections include but not limited to:
EARNED VALUE MANAGEMENT, CRITICAL PATH METHOD, CONTRACT TYPE CALCULATIONS, RISK ANALYSIS, PRESENT VALUE CALCULATIONS, THREE POINT COST & DURATION ESTIMATING TECHNIQUES, COMMUNICATION CHANNELS, PROJECT SELECTION METHODS, MAKE OR BUY ANALYSIS
In order to review the content in detail, please take a look for the free preview of each section’s outline (or introduction) inside of the course.
Do you know that there will be more than 50 questions in PMP® Exam related with Math Concepts?
More than 2000 students enrolled this course and they said this course helped them to solve all of these questions very easily!
Take this course, if you want to solve all of these questions very easily!
As a reminder… This is not an introduction course! This is not a “How to apply to the exam” course too! This is a 6,5 hours legth real course, that explains, all the math concepts that you should know before taking the PMP® exam.
Course presentation structure is constructed in order to make you to understand everything very easily. On the left hand side of the screen, you will always find the course guideline, therefore, you will never get lost in the course.
You will see rating stars in each section and in each lecture. These stars represent the importance of the lecture for the PMP examination: 3 stars means: Important, 4 stars means: Very Important and 5 stars mean very very important.
In each section, there are lots of examples so that you understand all the concepts very easily.
At the end of each section, there are sample questions… Sample questions are designed for you to solidify your knowledge.
So…
If you want to solve all of the 50 math related questions in PMP® Exam;
If you want to get a strong background for PMP® Exam;
If you are looking for a great referance for PMP® Exam;
If you are looking for a source in order to quick review for PMP® Exam;
Better than all, If you want to pass the PMP® Exam;
You are WELCOME to this course.
Disclaimer: PMI, PMBOK, PMP and CAPM are registered trademarks of Project Management Institute
In this section, we will first list the acronyms and terms. Then we will give the formulas in the formulas lecture. These two lectures are just introduction and we will only talk about the definitions of the terms and formulas. Then we will explain all the EVM principles by going through an example. With this example you will understand all the concepts very easily.
In this lecture we will talk about acronyms and terms.
In this lecture you will find the list of EVM formulas that you should know for the exam.
As we said at the beginning of the section, in order to explain the EVM Concepts we will go through an example.
Learn how to get values from the question.
In this lecture, we will learn what cost variance is.
In this lecture, we will learn what schedule variance is.
In this lecture, we will learn what cost performance index is.
In this lecture, we will learn what schedule performance index is.
In this lecture, you will be able to learn how to make comment on given CV, SV, CPI and SPI values.
Up to here are the basic concepts of Earned Value management. If you learn the EVM concepts up to here very well, you will be able to answer about 2/3 of the questions easily in the exam. But in order to solve the rest of the questions, you need to study following lectures.
In this lecture, we will learn the first EAC formula.
In this lecture, we will learn the second EAC formula.
In this lecture, we will learn the third EAC formula.
In this lecture, we will learn the fourth EAC formula.
In this lecture, we will learn "To Complete Performance Index" calculation.
In this lecture, we will learn "Estimate to Complete" calculation.
In this lecture, we will learn "Variance at Completion" calculation.
Another example in order to understand EVM calculations.
Another example in order to understand EVM calculations. (Continued)
Another example in order to understand EVM calculations.
In this lecture, we will analyze the earned value variables.
Calculations for 3rd example.
Solidify your knowledge by solving these questions. (In Quiz Format)
Solidify your knowledge by solving these questions. (In Video Format)
Solidify your knowledge by solving these questions. (In Video Format)
There are some methods in order to make the right decision. Most of the time, only one method is not enough and therefore, several methods may need to be used simultaneously.
Internal Rate of Return calculation is very complicated, and therefore, you don’t need to know, how to calculate it for the exam.
Payback period, is the time required, for the amount invested in a project, to be repaid by the net cash outflow generated after the project is closed.
Another Economic Model for project selection is Cost-Benefit analysis. In this method, cost of the project is compared with benefits of the project.
We simply define, present value as the value of money today. In this lecture you will learn how to do present value calculations.
Net present value is total present value of revenue, minus, total present value of costs.
Solidify your knowledge by solving these questions. (In Quiz Format)
Solidify your knowledge by solving these questions. (In Video Format)
In this bonus lecture, we will mention some accounting terms, related to Project selection, that you should be familiar with for the PMP exam.
After defining and sequencing the activities; resources required for each activity, are identified. Once you identify the resources, next step is to estimate activity durations and activity costs.
In order to better control the project, a project manager has to know estimating techniques. These techniques help you to define cost and duration of each individual activity.
As we understand from the name of the technique, the estimator submits only one estimate for each activity.
This technique is a fast estimating technique but it gives less accurate results compared to parametric and three point estimating techniques.
In this technique, standard metrics, industry requirements, other sources, and also, historical information are used.
In this lecture, we will learn how to get more realistic estimates by using three point estimating technique.
If you see terms like simple distribution or straight distribution in the PMP exam, please note that both of them are telling you that this is a triangular distribution. In this lecture, we will learn how to make estimations by using triangular distribution.
In this lecture, we will learn how to make estimations by using beta distribution.
Solidify your knowledge by solving these questions. (In Quiz Format)
Solidify your knowledge by solving these questions. (In Video Format)
Determining the durations of each activity, does not tell you anything about total duration of the project. In order to calculate the total duration of the project, and analyze the result, we use some techniques.
Before talking about what critical path is, we first need to know the relationship types.
We need to learn 4 more terms before starting to critical path method. These are: Predecessor, Successor, Lag and Lead.
In this lecture, we will explain what "Critical Path" is.
There are three types of floats: Total Float, Free Float and Project Float. In this lecture we will learn them one by one.
In this lecture, we will first learn what the forward pass and backward pass are, and then we will make the calculations, in order to find the floats and the critical path.
In this lecture, we will learn how to do Critical Path Method calculations.
This is the middle of the Critical Path Method Lecture and now it is time to point out some important notes about risk.
In this lecture, we will learn how to do Critical Path Method calculations.
(Continuing...)
In this lecture, we will talk about "Activity on Node" and "Activity on Arrow" types of network logic.
In this lecture we will talk about advantages and disadvantages of AoN and AoA.
In this lecture, we will learn how to do AoA calculations.
In this lecture, we will talk about schedule compression techniques.
Generally, we use two techniques in order to shorten the duration of the project: Fast tracking and crashing. In this lecture we will explain Fast Tracking Technique.
Generally, we use two techniques in order to shorten the duration of the project: Fast tracking and crashing. In this lecture we will explain Crashing Technique.
If we cannot fast track or crash, we have two more options: Reduce Scope and Cut Quality. In this lecture, we will talk about them.
Modeling techniques are used, in order to see what happens if there is a change in one or more input of an activity.
In this lecture, we will talk about Monte Carlo Analysis.
In this lecture, we will talk about Resource Optimization.
There are two techniques used for resource optimization: Resource Leveling and Resource Smoothing. In this lecture, we will explain Resource Leveling.
There are two techniques used for resource optimization: Resource Leveling and Resource Smoothing. In this lecture, we will explain Resource Smoothing.
In this lecture, we will talk about differences between Resource Leveling and Resource Smoothing.
Generally, we use critical path method in order to manage our projects. However, one more method named “Critical Chain Method” may also be used in order to manage the projects. In this lecture, we will talk about this method.
Solidify your knowledge by solving these questions. (In Quiz Format)
Solidify your knowledge by solving these questions. (In Video Format)
Solidify your knowledge by solving these questions. (In Video Format)
In the following lectures, you will learn how to solve "Communication Channels" related questions.
In this lecture, you will learn what a communication channel is.
Here is the one and only formula of this section.
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In the following lectures, we will first explain what qualitative and quantitative risk analyses do. Then we will compare them and see the differences between them. After that we will discuss how qualitative risk analysis calculations are done. Finally we will learn how to do quantitative risk analysis.
"Qualitative Risk Analysis" helps you to create a short list of risks by doing subjective analysis. In this lecture, you will learn how to make Qualitative Risk Analysis.
After completing qualitative risk analysis, and creating a short list of risks, then this list is used in order to analyze the risks in a quantitative manner. In this lecture, you will learn how to make Quantitative Risk Analysis.
Learn the differences between Qualitative and Quantitative Risk Analysis.
Learn how to do Qualitative Risk Analysis calculations.
Learn how to do Quantitative Risk Analysis calculations.
In this lecture we will learn how to make Expected Monetary Value analysis.
In this lecture, we will learn what a decision tree is and how to do decision tree calculations.
Solidify your knowledge by solving these questions. (In Quiz Format)
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In the exam, you may face with a question directly related with make or buy analysis. In the following lectures, you will learn how to deal with that question easily. And also you may face with the term “Make or Buy Analysis” not in the question but in the answers. Therefore after completing this section, you will understand what “Make or buy analysis” is and therefore in the exam, this will help you to answer this kind of questions.
Learn how to make "Make or Buy Analysis" by solving this example.
Learn how to make "Make or Buy Analysis" by solving this example.
Make or Buy Analysis Continued
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Contracts have important role in Procurement Management knowledge area. In the following lectures, we will learn how to make calculations related with contracts.
Before talking about how to deal with calculations, we will first discuss the contract types in three main categories: Fixed Price Contracts”, “Time and Material Contracts” and “Cost-Reimbursable Contracts”.
In this lecture, you will learn what a Fixed Price Contract is.
In this lecture, you will learn the Fixed Price Contract Types.
In this lecture, you will learn what a Fixed Price Incentive Fee Contract is.
In this lecture, you will learn what a Fixed Price Award Fee Contract is.
In this lecture, you will learn what a Fixed Price Economic Price Adjustment Contract is.
In this lecture, you will learn what a Purchase Order is.
In this lecture, you will learn advantages and disadvantages of Fixed Price Contracts.
In this lecture, you will learn what a Time and Material Contract is.
In this lecture, you will learn the advantages and disadvantages of Time & Material Contracts.
In this lecture, you will learn what a Cost Reimbursable Contract is.
In this lecture we will talk about the Cost Reimbursable Contract Types.
In this lecture, you will learn what a Cost Contract is.
In this lecture, you will learn what a Cost Plus Fixed Fee Contract is.
In this lecture, you will learn what a Cost Plus Fee Contract is.
In this lecture, you will learn what a Cost Plus Incentive Fee Contract is.
In this lecture, you will learn what a Cost PLus Award Fee Contract is.
In this lecture we will talk about advantages and disadvantages of Cost-Reimbursable Contracts.
In this lecture, we will learn Risk According to Contract Types.
Introduction of the math part of this section.
In this lecture, we will learn how to do Cost Plus Incentive Fee contract type calculations.
In this lecture, we will learn how to do Fixed Price Incentive Fee contract type calculations.
In this lecture we will learn what PTA is and how to calculate it.
In this lecture, we will learn how to do Fixed Price Incentive Fee contract type calculations. (Continued)
Solidify your knowledge by solving these questions. (In Quiz Format)
Solidify your knowledge by solving these questions. (In Video Format)
Information about PMP Exam is given.
Sabri CALISICI is PMP Certified, 10+ years experienced project management executive. As a civil engineer, he graduated from Middle East Technical University, which is among the top 100 Universities in the World. He mainly experienced on management of multinational large scale superstructure projects ranging from 30 million dollars to 1 billion dollars. He has worked in world leading multinational construction companies. He is also a teacher of project management software.
He is experienced in following areas:
* PMP Certification
* Project Management,
* Cost Management
* Time Management
* Contract Management
* Value Engineering
Please contact to instructor for further information.