pmp formulas

PMP Formula of the Week: EV?

November 9, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

Which of the following is not true of EV?

PMP Formula of the Week: Confidence Level

November 2, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

You are estimating the total project cost using three points for cost estimates with a 95 percent confidence level. What is the cost estimate range if the estimated project cost is $120,000 and the standard deviation is $2,500?

PMP Formula of the Week: Project Schedule Information

October 26, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

What piece of work performance information provides the most valuable information about a project behind schedule?

PMP Formula of the Week: Random Defective Article

October 19, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

The quality control team raised concerns about the output quality of a specific machine used in your pilot test. You ask the team to provide quantitative data to validate their concerns. The quality control team leader reports that on average 9 of 375 articles produced by the specific machine are defective. What is the probability that an article chosen at random will be defective?

PMP Formula of the Week: Current Project Status

October 12, 2015 Guest Authors Cisco, Cloudera, Featured, Professional Development, Project Management, Routing & Switching, Technology, Training in Business

If PV = $10,000, EV = $9,000 and AC = $9,000, what is the current status of your project?