Free project cost management questions, free pmp chapter 7 questions, free pmp exam questions chapter 7 project cost management, free pmp chapter 7 test. Learn vocabulary, terms, and more with flashcards, games, and other study tools. This plan will describe how project costs are planned, estimated, and controlled. All formulas and calculations for pmp exam explained in detail. The below given pmp formula sheet represents the list of 25 pmp formulas to prepare for the pmp certification exam. One of the most common pmp formulas for control cost is cpi. The top 8 formulas to memorize before your pmp exam. Download free pmp formulas cheat sheet for pmbok guide 6th. Try to learn them and understand their applications by heart and you will be able to solve the calculation questions in the real pmp exam. Understand formulas and calculations for the pmp exam in an easy and.
For example, if earned value ev and actual cost ac for a project are. Essential pmp formulas concept formula result interpretation cost. The above 17 pmp formulas are all that youll need for the pmp exam in the latest pmbok guide edition. Pmp formula study guide the formulas you need for the pmp exam. If you are looking for a more cmoprehensive preparation of all the formula questions that may appear on the pmp exam, pmprepcast formula package will be your best bet.
Pmp formulas are the critical part of the pmp certification exam. Ev earned value the value of the work accomplished till this point in time. Get a downloadable version of all the pmp formulas you need to know for. We will show you an unique mnemonic to use so be sure to stay until the end. Download pmp formula sheet and pmp cheat sheet for free. If you wish, you can download the pmp formulas table above as a pdf file instantly for your future reference.
Cost management knowledge area pmp formulas although there are more than 25 project management formulas that you might need to tackle during the exam, there are a few cost management formulas that are very important, and which youre likely to encounter more than once during the exam. Cost management earned value measurement evm control costs. When you enter the prometrics testing center and begin your exam, the software randomly selects 200 questions for you. Understand and memorize these 17 pmp formulas mentioned in the pmbok guide 6th.
In this training, you will learn how to memorize pmp exam formulas in under 10 minutes. Pmp formulas and calculations advanced guide with examples. Download our free redacted pmp formulas pdf guide so that youve got all the. Pmp formulas and calculations take up roughly 10% of the pmp exam.
The video has abbreviations explained, memory tips, simple examples to. Top 30 project management interview questions and answers. Cost control is the part of project management such that cost management processes involved in planning, estimating, budgeting, and controlling costs so that the budget can be completed within the. We have prepared a pmp formulas pdf including all these formulas. Thanks to the pmp cost management formulas we know a lot more about our project. So, go through this pmp formula cheat sheet and take a step ahead for the preparation of certification exam.
Free project cost management questions, free pmp chapter 7. It measures the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost. Cost performance index cpi one of the most common pmp formulas for control cost is cpi. Weve put together a list of pmp formulas that you should know along with an explanation of how to use them.
Its hard to say the exact number of calculation questions that you will get on your exam. The cost management plan is a component of the project management plan that details how cost management processes will be carried out. Acronym term definition pv planned value planned cost or value of the work to be done till this point in time. Weve put together a list of cost management formulas that youll need to know, along with a breakdown of how and when to use them. Free pdf based on pmbok guide 6th edition having 45 project management formulas. Pmp formulas and calculation for the certification demystified.
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