Project Management Professional PMP® : Detailed Math
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Project Management Professional PMP® : Detailed Math

Guarantee all math questions in PMP® & CAPM® exams by learning math formulas covered in the PMBOK guide 5th edition.
4.4 (13 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
79 students enrolled
Last updated 6/2017
English
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Current price: $10 Original price: $95 Discount: 89% off
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Includes:
  • 4.5 hours on-demand video
  • 2 Articles
  • 15 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the major math formulas used in project management
  • You will be able to select one project among others based on some calculations
  • Estimate time and cost required for each activity in your project
  • Master the Earned Value Management to forecast the project Cost estimates .
  • Critical Path Method and Float Calculations
  • Calculate the Expected Monetary Value of Individual risks and Project Overall risk
  • Master the Decision Tree Analysis
  • Calculate your project time and cost Contingency Reserves
  • Calculate the required Communication Channels for your project
  • Decide to buy or make work packages and project activities
  • Calculate the Final Fee and Price of the Project Contracts .
  • Practice 50 + PMP Exam Questions
View Curriculum
Requirements
  • Basic Knowledge in Project Management
Description

This training course about all math formulas you should know before scheduling your PMP® exam, it’s direct and simple, talking only about math formulas and calculations. By understanding this course content you will have the chance to guarantee more than 20 questions in the real exam, the course will explain in details 8 Major topics:

  • Project Selection Methods – Economical Models

  • Activity duration and cost estimates

  • Schedule Network analysis and critical path method

  • Earned Value Management

  • Numerical Risk Analysis

  • Communication Channels

  • Make/Buy Analysis

  • Contracts final fee & final price calculations

In each lecture you will find few questions that will improve your understanding of the concept explained in the lecture, at the end of each section you will have few questions with detailed answers in exam form, at the end of the course you will be able to download some helpful resources to pass PMI exams .

What makes all my exam preparation courses unique that I create and pick for you tricky questions, I don’t select simple ones just to count questions!  Don’t expect to see simple & direct to the point questions in the exams, you should read the question carefully in order to pick the correct choice. 

Click the “Take this course “button and let’s start some useful project management calculations.



Who is the target audience?
  • Project Managers
  • Risk Managers
  • Professionals preparing for PMP®
  • Professionals Preparing for the PMI-RMP®
  • Professionals preparing for CAPM®
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Curriculum For This Course
55 Lectures
04:36:40
+
Introduction
1 Lecture 01:58
+
Project Selection Methods
9 Lectures 37:56

Project Selection Categories and economic models explained in this section .

Preview 02:04

How to use the present value formula plus 2 sample Questions

Preview 04:06

How to select the best project using the net present value model 

Net Present Value
05:01

Economic Models Internal rate of return and payback period , how to select the best project upon these models is explained in this lecture . 

Internal Rate of Return & Payback Period
03:43

Benefit-Cost ratio is an important economic model , how to calculate it is what this lecture is talking about 

Cost benefit Analysis
03:09

Sunk Costs , opportunity cost , Working Capital , Law of diminishing returns and Depreciation . 

Economic terms you should know for the exam
05:22

Project Selection Methods - 10 Questions
10 questions

Detailed Answers of the first 5 questions in the previous quiz 

Sample Exam Questions and Answers - 5 Questions
06:12

Detailed Answers of the first 5 questions in the previous quiz 

Sample Exam Questions and Answers - 5 Questions
05:59

Fast recap of all section components 

Section Recap
02:20
+
Project Activities Cost and Duration Estimates
5 Lectures 20:14

Estimating Methods and Topics covered in this section 

Introduction
03:26

There is 2 types of the 3-Point Estimating , Simple Average Formula and Beta Average Formula

Simple Average & Beta Average
03:11

You will be able to calculate the standard deviation of each estimate to find risk associated with each activity .

Beta Standard Deviation & Range of Estimate
04:27

Test your knowledge related to cost and duration estimates through this quiz , the following lecture will have the detailed answers of those questions

Activity Time & Cost Estimates - 5 Questions
5 questions

Detailed answers of the previous quiz

Sample Exam Questions & Answers - 5 Questions
06:53

We will review this section content in this lecture .

Section Recap
02:17
+
Schedule Network Analysis
10 Lectures 01:09:55

Listing topics which will be covered in this section

Introduction
04:07

Float , Lead , Lag , Critical Path and Major terms you need to know for the PMP Exam

Terms & Concepts
06:31

What's the schedule Network Diagram & What are the relationships between activities .

Network Diagram
05:16

How to determine the Critical Path Method in addition to exam tips

Critical Path Method - Part 1
11:28

Long Question about Critical Path Method with detailed answer .

Preview 10:11

One More Question about the critical Path Method with detailed answer and Critical Path Concept conclusion .

Critical Path Method - Part 3
09:29

Schedule Compression techniques , fast tracking and crashing .

Schedule Compression
04:46

In this Quiz you will be able to test your knowledge in the " Schedule Network analysis " topic for the PMP Exam , following lectures will include a detailed Explanation of those questions and answers .

Schedule Network Analysis - 10 Questions
10 questions

Detailed answers of the previous quiz

Sample Exam Questions & Answers , 5 Questions
06:33


Detailed answers of the previous quiz

Sample Exam Questions & Answers , 5 Questions
09:49

We will review this section content in this lecture .

Section Recap
01:45
+
Earned Value Management
11 Lectures 01:16:26

Brief of section content

Introduction
02:48

Terms and Concepts in the earned value management you should know before we start calculations .

Terms and Concepts
03:37

How to calculate the Schedule variance and the cost variance , and what does that mean for the project ?

Cost / Schedule Variance
03:38

How to calculate the schedule and cost performance Indexes and what does that mean for the Project

Cost / Schedule Performance Index
08:54

How to calculate the EAC of your project , which formula to use out of the 4 formulas .

Preview 08:50

How to calculate the EAC of your project , which formula to use out of the 4 formulas .

Estimate at Completion - Part 2
05:48

How to calculate TCPI and what does this value means for the Project .

To Complete Performance Index
13:21

Test your knowledge by practicing 15 Sample Questions .

Earned Value Management
15 questions

Answers of Questions 1-5 of the Quiz

Sample Exam Questions & Answers - 5 Questions
10:02

Answers of Questions 5-10 of the Quiz

Preview 08:17

Answers of the last 5 questions of the Quiz

Sample Exam Questions & Answers - 5 Questions
09:19

Fast brief of the earned value management section content .

Section Recap
01:52
+
Communication Channels
4 Lectures 08:05

Brief about the section content

Introduction
01:11

How to calculate the communication channels of your project and the formula you should use

Communication Channels
03:23

Test your knowledge with 3 sample exam questions in this Quiz

Communication Channels
3 questions

3 Sample Exam Questions with detailed answers

Sample Exam Questions & Answers
02:30

Fast Recap about the section content

Section Recap
01:01
+
Risk Analysis
7 Lectures 35:43

Brief about the Section Content

Introduction
01:29

Terms you should know before we go through the numerical Risk analysis

Terms You Should Know
05:55

What is the Expected Monetary value and how to calculate .

Expected Monetary Value
04:48

Master the Decision Tree Analysis Technique

Preview 08:48

How to calculate your project Cost and Schedule Reserves required.

Contingency Reserve Calculations
06:27

Test your knowledge with this topic solving 5 Questions similar to the PMP Exam questions. 

Risk Analysis
5 questions

The Quiz 5 Questions Detailed Answers

Sample Questions & Answers
06:59

Fast Recap about the Course Content

Section Recap
01:17
+
Contracts Management
5 Lectures 23:13
Introduction
01:22

How to decide whether to buy or make for your project

Make/Buy Analysis
04:21

What is the Point of total Assumption and how to calculate it for your contracts

Preview 09:28

Test your knowledge with this topic through the 5 Questions in the Quiz which are similar to  the PMP Questions.

Contracts Management
5 questions

The Detailed answers of the Quiz Questions

Sample Exam Questions & answers
06:58

Fast Section content Recap

Section Recap
01:04
+
Course Recap
3 Lectures 03:36

Fast recap about all sections content

Preview 01:24

One Full PMP Exam with the Right Answers ...

Bonus - Practice Test ( 200 Questions )
00:14

Bonus from the Instructor
01:58
About the Instructor
Shadi Al Sha'er , PMP®,PMI- RMP®
4.2 Average rating
35 Reviews
151 Students
8 Courses
Project Manager , Electrical Engineer and Instructor





Shadi Al Shaer is PMP Certified Project Manager and instructor with more than 8 years’ experience in doing management activities specially in the construction projects and managing projects on different scales. Electrical Engineer who was graduated with a very good degree from the University of Jordan at 2008 which is one of the top 10 universities in the middle east, Passionate to any business idea which can be implemented online! Started his career with one of the leading Multinational construction companies in the world, recently he is a Project Manager with one of the most esteem real estate firms in Saudi Arabia, as a side business and because of his passion for teaching he is doing trainings in Project Management , Risk Management and Projects in Controlled Environment  .

Being an electromechanical engineer working in the management field with a great passion of online business has made of Shadi the person of who is today teaching all above mentioned courses, he is the founder of elite minds website which is  serving professionals seeking to have international certificates, the website contains Articles , study notes , free resources and a lot of valuable data  ,it is a great reference for students in Management and business fields in addition to all professionals looking to improve their careers.

Instructor Certificates :

1. Project Management Professional , PMP® #1955425

2. Risk Management Professional , PMI-RMP® #1982971

For more information about the instructor you can contact him directly.