PMP Formulas

Question 1

Planned Value (PV)

Answer 1

Planned cost of work to be done at this point in time

Question 2

Earned Value (EV)

Answer 2

Value of work actually accomplished

Question 3

Actual Cost (AC)

Answer 3

Cost of work

Question 4

Budget at Completion (BAC)

Answer 4

Total planned value for the entire project

Question 5

Estimate at Completion (EAC)

Answer 5

What do we think the project will actually cost

Question 6

Estimate to Completion (ETC)

Answer 6

From this point, how much more will it cost to complete the project

Question 7

Variance at Completion (VAC)

Answer 7

How much over/under budget do we expect to be at project end

Question 8

What is the formula for communication channels?

Answer 8

N(N-1) / 2

Question 9

Cost Variance (CV)

Answer 9

Cost variance (CV) is a measure of cost performance on a project. EV-AC=CV

Question 10

Schedule variance (SV)

Answer 10

Scheduled variance is a measure of schedule performance on a project. EV-PV=SV

Question 11

Cost Performance Index (CPI)

Answer 11

The cost performance index (CPI) is a measure of the value of work completed compared to the actual cost progress made on the project. EV-AC=CPI

Question 12

Formula: Activity Standard Deviation

Answer 12

P-O / 6

Question 13

Formula: Expected Activity Duration

Answer 13

(P+4M+O) / 6

Question 14

Variance at Completion (VAC)

Answer 14

BAC-EAC=VAC