PMP Formulas

Question 1

EV

Earned Value

Answer 1

Earned Value. % Complete of work done.

Question 2

AC

Actual Cost

Answer 2

Actual Cost. How much you’ve spent so far.

Question 3

PV

Planned Value

Answer 3

Planned Value. Budget/Period $256k/4weeks = $64k per week PV.

Question 4

BAC

Budget at Completion

Answer 4

Budget at Completion. $256k budget so this will be the amount for all 4 weeks period in BAC row.
This value doesn’t change across the span of project.

Question 5

CV

Cost Variance.

Answer 5

[EV - AC]

= 0 on budget :)
> 0 under budget :)
< 0 over budget :(

Question 6

SV

Schedule Variance

Answer 6

[EV - PV]

= 0 on schedule :)
> 0 ahead of schedule :)
< 0 behind schedule :(

Question 7

CPI

Cost Performance Index

Answer 7

[EV / AC]

= 1 on budget :)
> 1 under budget :)
< 1 over budget :(

Question 8

SPI

Schedule Performance Index

Answer 8

[EV/PV]
This will be a percentage %

= 1 on schedule :)
> 1 under budget :)
< 1 over budget :(

Question 9

ETC - Estimate to Complete

Answer 9

(BAC - EV)

Question 10

EAC

Estimate at Completion

Answer 10

AC+ (BAC - EV) or AC + ETC

Question 11

VAC

Variance at Completion

Answer 11

BAC - EAC

Always equals to CV (cost variance)

Question 12

TCPI (BAC)

To-Complete Performance Index

Answer 12

(BAC - EV) / (BAC - AC)

=1 same to complete,
< 1 easier to complete,
> 1 harder to complete

Question 13

Communication Channel Formula

Answer 13

N (N-1) / 2

Question 14

EMV

Expected Monetary Value

Answer 14

(P x I = EMV)
Probability x Impact = EMV
Monetary impact & percentage of probability = Impact is negative / Benefit is positive