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2017-06-29 08:59:07

Project Management: PMP® Exam's Project Management Math Prep

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Project Management Professional: All the math concepts needed for becoming a Project Management Professional (PMBOK5)

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- 6 hours on-demand video
- Full lifetime access
- Access on mobile and TV

- Certificate of Completion

What Will I Learn?

- Learn all of the Math Conceopts Needed For Project Management Profession
- Learn Earned Value Management Concepts in Detail
- Learn Contract Types
- Learn How To Do Risk Analysis
- Learn Critical Path Method (CPM)
- Learn Schedule Netwok Analysis
- Learn Activity Duration and Cost Estimating Techniques
- Learn "Project Selection Methods" In Detail
- Get a strong background for PMP® exam

Requirements

- Interest in Project Management
- A computer with internet
- No other requirements

Description

*THIS COURSE IS A PARTIAL COURSE OF MY OTHER COURSE NAMED: "PMP® Certification:Super Realistic Exams &Detailed PMP Math". IF YOU HAVE ATTENDED THAT COURSE, YOU DON'T NEED TO BUY THIS COURSE.*

**This course includes:**

**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

Who is the target audience?

- Project Management Professionals who want to learn all of the Math concepts needed
- Project Management Professionals who want to improve himself/herself
- PMP® certified Project Managers or Project Management Professionals who want to earn PDU's
- Project Management Professionals wishing to get PMP® certified

Students Who Viewed This Course Also Viewed

Curriculum For This Course

111 Lectures

06:09:03
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Earned Value Management
25 Lectures
01:32:11

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.

Preview
01:26

In this lecture we will talk about acronyms and terms.

Preview
01:48

As we said at the beginning of the section, in order to explain the EVM Concepts we will go through an example.

Preview
00:47

Learn how to get values from the question.

Getting Values From Question

06:28

In this lecture, we will learn what cost variance is.

Cost Variance

01:47

In this lecture, we will learn what schedule variance is.

Schedule Variance

01:33

In this lecture, we will learn what cost performance index is.

Cost Performance Index

01:07

In this lecture, we will learn what schedule performance index is.

Schedule Performance Index

01:30

In this lecture, you will be able to learn how to make comment on given CV, SV, CPI and SPI values.

Important Results About CV, SV, CPI and SPI

03:47

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.

EVM in Deep (Introduction)

01:06

In this lecture, we will learn the first EAC formula.

EAC Formula 1

02:15

In this lecture, we will learn the second EAC formula.

EAC Formula 2

02:43

In this lecture, we will learn the third EAC formula.

EAC Formula 3

02:20

In this lecture, we will learn the fourth EAC formula.

EAC Formula 4

00:46

In this lecture, we will learn "To Complete Performance Index" calculation.

TCPI - To Complete Performance Index

01:09

In this lecture, we will learn "Estimate to Complete" calculation.

ETC - Estimate To Complete

01:22

In this lecture, we will learn "Variance at Completion" calculation.

VAC - Variance At Completion

01:19

Another example in order to understand EVM calculations.

Example 2

07:24

Another example in order to understand EVM calculations. (Continued)

Example 2 (Continued)

06:43

Another example in order to understand EVM calculations.

Example 3

02:23

In this lecture, we will analyze the earned value variables.

Analyzing The Earned Value Variables

07:28

Calculations for 3rd example.

Calculations For 3rd Example

08:43

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

Sample Questions in Quiz Format

10 questions

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

Sample Questions in Video Format 1/2

08:06

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

Sample Questions in Video Format 2/2

12:06

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PMP® Project Selection Methods
8 Lectures
29:04

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.

Preview
02:21

Internal Rate of Return calculation is very complicated, and therefore, you don’t need to know, how to calculate it for the exam.

Internal Rate of Return

01:41

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.

Payback Period

03:03

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

Cost Benefit Analysis

02:19

We simply define, present value as the value of money today. In this lecture you will learn how to do present value calculations.

Present Value

02:39

Net present value is total present value of revenue, minus, total present value of costs.

Net Present Value

01:10

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

Sample Questions in Quiz Format

6 questions

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

Sample Questions in Video Format

09:43

In this bonus lecture, we will mention some accounting terms, related to Project selection, that you should be familiar with for the PMP exam.

Bonus Lecture: Accounting Terms You Should Know

06:08

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Activity Duration and Cost Estimating
9 Lectures
26:30

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.

Preview
01:28

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.

Duration and Cost Estimating Techniques

00:21

As we understand from the name of the technique, the estimator submits only one estimate for each activity.

One Point Estimating

00:39

This technique is a fast estimating technique but it gives less accurate results compared to parametric and three point estimating techniques.

Analogous Estimating

01:51

In this technique, standard metrics, industry requirements, other sources, and also, historical information are used.

Parametric Estimating

04:01

In this lecture, we will learn how to get more realistic estimates by using three point estimating technique.

Three Point Estimating

02:20

If you see terms like simple distribution or straight distribution in the 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.

Triangular Estimating

02:41

In this lecture, we will learn how to make estimations by using beta distribution.

Beta Distribution

07:19

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

Sample Questions in Quiz Format

5 questions

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

Sample Questions in Video Format

05:50

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Schedule Network Analysis
25 Lectures
01:34:22

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.

Preview
00:39

Before talking about what critical path is, we first need to know the relationship types.

Relationship Types

03:53

We need to learn 4 more terms before starting to critical path method. These are: Predecessor, Successor, Lag and Lead.

Terms To Know

02:05

In this lecture, we will explain what "Critical Path" is.

Critical Path

02:58

There are three types of floats: Total Float, Free Float and Project Float. In this lecture we will learn them one by one.

Float Types

01:15

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.

Preview
00:39

In this lecture, we will learn how to do Critical Path Method calculations.

Critical Path Method Calculations 1/2

21:10

This is the middle of the Critical Path Method Lecture and now it is time to point out some important notes about risk.

Risk Assessment

01:00

In this lecture, we will learn how to do Critical Path Method calculations.

(Continuing...)

Critical Path Method Calculations 2/2

05:25

In this lecture, we will talk about "Activity on Node" and "Activity on Arrow" types of network logic.

AoN and AoA

02:28

In this lecture we will talk about advantages and disadvantages of AoN and AoA.

Advantages and Disadvantages of AoN and AoA

01:46

In this lecture, we will learn how to do AoA calculations.

AoA Calculations

12:02

In this lecture, we will talk about schedule compression techniques.

Schedule Compression

02:12

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.

Fast Tracking

02:38

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.

Crashing

02:05

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.

Reduce Scope and Cut Quality

02:05

Modeling techniques are used, in order to see what happens if there is a change in one or more input of an activity.

Modeling

00:57

In this lecture, we will talk about Monte Carlo Analysis.

Monte Carlo Analysis

03:46

In this lecture, we will talk about Resource Optimization.

Resource Optimization

01:42

There are two techniques used for resource optimization: Resource Leveling and Resource Smoothing. In this lecture, we will explain Resource Leveling.

Resource Leveling

02:36

There are two techniques used for resource optimization: Resource Leveling and Resource Smoothing. In this lecture, we will explain Resource Smoothing.

Resource Smoothing

01:05

In this lecture, we will talk about differences between Resource Leveling and Resource Smoothing.

Differences Between Resource Leveling and Resource Smoothing

01:13

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.

Critical Chain Method

01:06

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

Sample Questions in Quiz Format

8 questions

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

Sample Questions in Video Format 1/2

09:05

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

Sample Questions in Video Format 2/2

08:32

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Communication Channels
4 Lectures
10:32

In the following lectures, you will learn how to solve "Communication Channels" related questions.

Preview
00:49

In this lecture, you will learn what a communication channel is.

Preview
03:05

Here is the one and only formula of this section.

The Formula

01:51

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

Sample Questions in Quiz Format

3 questions

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

Sample Questions in Video Format

04:47

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Risk Analysis
9 Lectures
36:41

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.

Preview
01:45

"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.

Qualitative Risk Analysis

01:34

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.

Quantitative Risk Analysis

01:11

Learn the differences between Qualitative and Quantitative Risk Analysis.

Differences Between Qualitative and Quantitative Risk Analysis

02:03

Learn how to do Qualitative Risk Analysis calculations.

Qualitative Risk Analysis Calculations

04:21

Learn how to do Quantitative Risk Analysis calculations.

Quantitative Risk Analysis Calculations (Introduction)

00:30

In this lecture we will learn how to make Expected Monetary Value analysis.

Expected Monetary Value Analysis

04:30

In this lecture, we will learn what a decision tree is and how to do decision tree calculations.

Decision Tree

10:21

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

Sample Questions in Quiz Format

4 questions

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

Sample Questions in Video Format

10:26

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Make or Buy Analysis
5 Lectures
15:48

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.

Preview
00:48

Learn how to make "Make or Buy Analysis" by solving this example.

Make or Buy Analysis - Example 1

04:14

Learn how to make "Make or Buy Analysis" by solving this example.

Make or Buy Analysis - Example 2

03:19

Make or Buy Analysis Continued

Make or Buy Analysis Continued

01:59

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

Sample Questions in Quiz Format

2 questions

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

Sample Questions in Video format

05:28

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Contract Types
26 Lectures
01:03:55

Contracts have important role in Procurement Management knowledge area. In the following lectures, we will learn how to make calculations related with contracts.

Preview
01:39

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”.

Contract Types

01:17

In this lecture, you will learn what a Fixed Price Contract is.

Fixed Price Contracts

03:47

In this lecture, you will learn the Fixed Price Contract Types.

Fixed Price Contract Types

01:00

In this lecture, you will learn what a Fixed Price Incentive Fee Contract is.

Fixed Price Incentive Fee Contracts - FPIF

01:24

In this lecture, you will learn what a Fixed Price Award Fee Contract is.

Fixed Price Award Fee Contracts - FPAF

01:32

In this lecture, you will learn what a Fixed Price Economic Price Adjustment Contract is.

Fixed Price Economic Price Adjustment Contract - FPEPA

01:15

In this lecture, you will learn what a Purchase Order is.

Purchase Order

02:44

In this lecture, you will learn advantages and disadvantages of Fixed Price Contracts.

Advantages and Disadvantages of Fixed Price Contracts

02:42

In this lecture, you will learn what a Time and Material Contract is.

Preview
02:47

In this lecture, you will learn the advantages and disadvantages of Time & Material Contracts.

Advantages and Disadvantages of Time&Material Contracts

02:28

In this lecture, you will learn what a Cost Reimbursable Contract is.

Cost Reimbursable Contracts

01:15

In this lecture we will talk about the Cost Reimbursable Contract Types.

Cost Reimbursable Contract Types

00:55

In this lecture, you will learn what a Cost Contract is.

Cost Contract - CC

00:35

In this lecture, you will learn what a Cost Plus Fixed Fee Contract is.

Cost Plus Fixed Fee Contract - CPFF

00:41

In this lecture, you will learn what a Cost Plus Fee Contract is.

Cost Plus Fee Contract - CPF

01:49

In this lecture, you will learn what a Cost Plus Incentive Fee Contract is.

Cost Plus Incentive Fee Contract - CPIF

02:26

In this lecture, you will learn what a Cost PLus Award Fee Contract is.

Cost Plus Award Fee Contract - CPAF

01:31

In this lecture we will talk about advantages and disadvantages of Cost-Reimbursable Contracts.

Advantages and Disadvantages of Cost-Reimbursable Contracts

01:46

In this lecture, we will learn Risk According to Contract Types.

Risk According to Contract Types

04:25

Introduction of the math part of this section.

Preview
00:33

In this lecture, we will learn how to do Cost Plus Incentive Fee contract type calculations.

Cost Plus Incentive Fee Calculations

06:00

In this lecture, we will learn how to do Fixed Price Incentive Fee contract type calculations.

Fixed Price Incentive Fee Calculations

02:38

In this lecture we will learn what PTA is and how to calculate it.

Point of Total Assumption - PTA

04:52

In this lecture, we will learn how to do Fixed Price Incentive Fee contract type calculations. (Continued)

Fixed Price Incentive Fee Calculations - Continued

02:14

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

Sample Questions in Quiz Format

5 questions

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

Sample Questions in Video Format

09:40

About the Instructor

Project Management Executive

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**.

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