pmp exam prep

PMP Formula of the Week: Ahead or Behind Schedule

August 3, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

A project sponsor asks if your project is ahead or behind schedule. What formula should you use to determine your answer?

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?

PMP Question of the Week: Forecasting a Necessary CPI Based on an ETC

July 20, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

In this new series of questions, PMP Formula of the Week, this post was provided by author Bill Scott. In the previous PMP Formula of the Week, “Forecasting a Necessary CPI,” we discussed the recently publicized Earned Value Management (EVM) term To Complete Performance Index (TCPI) and what it could do for you. Now we […]

PMP Formula of the Week: Forecasting a Necessary CPI

July 13, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

Your project has not been performing well from the beginning from a budget standpoint. The project BAC is $1,000,000 and it is 50 percent complete from an Earned Value (EV) standpoint. The Cost Performance Index (CPI) is calculated to be 0.8. Your project sponsor wants to know what CPI the project must perform at for the last 50 percent of the project for the project to come in at budget. The answer, of course, is 1.2. The numbers used in this scenario allow the answer to be logically estimated. A CPI of 0.8 for the first half of the project and a CPI of 1.2 for the second half of the project averages out at a CPI of 1.0. But, what if the project data were not so rounded? The new project data is 46 percent of the work is complete, and CPI is 0.78 The project work is expected to continue, from a cost standpoint, to the project end similar to the first 46 percent What CPI must the project perform at over the last 54 percent of the work for the project to come in at budget?

PMP Question of the Week: Lines of Communication

July 6, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

You need to calculate the lines of communication in your team. Which of the following formulas should you use?