PMP Formula of the Week: Earned Value Fixed Formula Measurement Rule

July 27, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

You are developing a schedule management plan that sets an earned value fixed formula measurement rule. Which of the following formulas could be an example of such a rule?

A. CP + 4CM + CO ÷ 6
B. 20/80
C. Six Sigma
D. TCPI

Reveal Answer

The correct answer is B.

CP + 4CM + CO ÷ 6, answer A, is the Program Evaluation and Review Technique (PERT) formula for the mean, which is incorrect for this situation. Six Sigma, answer C, is a quality standard. TCPI, answer D, is the “to-complete cost performance index” forecasting formula, but it is not a rule.

20/80, answer B, is the only applicable solution that could serve as an example of an earned value fixed formula measurement rule.

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