Version
v01
Jitesh
Goswami
Author
PgMP,
MSP,
PMP,
PRINCE2
Date
6th
June,
2014
Loca1on h?ps://www.pmcerty.com/index.php?pid=cms&slug=freeresource
This
document
can
help
PMP
and
PgMP
aspirants
&
professionals
to
learn
and
study
required
mathemaPcal
formulae
Purpose
that
can
help
answering
those
relevant
exam
quesPons
&
their
applicaPon
to
real
life
project
/
program
scenarios
Understand
the
input
variables
of
each
formulae
and
in
what
project
/
program
situaPons
what
input
values
may
Usage
emerge.
Apply
dierent
values
of
input
variables
and
see
the
eect
on
formulae
output.
Also
understand
the
meaning
of
dierent
formulae
output
values
and
its
consequence
to
the
Project
/
Program
management
pracPse.
Spending
few
minutes
understanding
the
formulae
in
detail
will
help
answer
those
quesPons
in
exam
accurately.
These
Benet
formulae
can
also
help
beyond
the
PMP
/
PgMP
ExaminaPon
and
to
the
real
life
project
/
program
situaPons.
EV
=
Earned
Value
PV
=
Planned
Value
AC
=
Actual
Cost
CV
=
Cost
Variance
CPI
=
Cost
Performance
Index
SV
=
Schedule
Variance
SPI
=
Schedule
Performance
Index
ETC
=
Es1mate
to
Complete
EAC
=
Es1mate
at
Comple1on
VAC
=
Variance
at
Comple1on
BAC
=
Budget
at
Comple1on
TCPI
=
To
Complete
Performance
Index
Earned
Value
on
a
reporPng
date
is
budgeted
cost
of
work
performed.
To
nd
out
Earned
value
manually,
you
nd
out
from
your
program
acPviPes
that
what
components
and
EV
=
Earned
Value
program
acPviPes
have
been
completed
already.
Then
you
sum
up
all
the
budgeted
costs
for
those
acPviPes
and
that
is
your
earned
value.
Planned
Value
on
a
reporPng
date
is
the
budgeted
cost
of
the
work
scheduled.
To
nd
out
planned
value
manually,
you
can
open
your
program
schedule
and
look
at
relevant
PV
=
Planned
Value
reporPng
date.
This
will
give
you
list
of
acPviPes
you
should
have
completed
by
that
date.
Sum
up
all
the
costs
budgeted
for
all
those
acPviPes
and
that
is
your
planned
value.
Actual
Cost
on
a
reporPng
date
is
the
Actual
costs
incurred
by
the
program
Pll
that
date.
AC
=
Actual
Cost
Doesnt
ma?er
what
acPviPes
are
performed.
+/- 6 = 99.99%
+/- 3 = 99.73%
+/- 2 = 95.46%
+/- 1 = 68.26%
This
formulae
gives
the
duraPon
of
the
acPvity
(in
same
units
Ac1vity
Dura1on
=
EF
-
ES
+
1
=
LF
-
LS
+
1
as
of
EF,
ES,
LF
and
LS.
E.g.
days
or
weeks
or
months.).
EF
=
Early
Finish,
ES
=
Early
Start,
LF
=
Late
Finish
&
LS
=
Late
Start.
Total
oat
represents
the
Pme
that
an
acPvity
can
be
get
Total
Float
=
LS
-
ES
=
LF
-
EF
delayed
by,
without
aecPng
project
/
program's
schedule
baseline
EF
=
ES
+
Dura1on
-
1
Where
EF
is
Early
Finish
of
an
acPvity
and
ES
is
Early
Start.
Where
ES
is
an
Early
Start
of
an
acPvity
and
EF
is
an
Early
ES
=
EF
of
predecessor
+
1
Finish
LF
=
LS
of
successor
-
1
Where
LF
is
Late
Finish
of
an
acPvity
and
LS
is
Late
Start
LS
=
LF
-
Dura1on
+
1
Where
LS
is
Late
Start
of
an
acPvity
and
LF
is
Late
Finish
PERT = (P - O)/6 Variability of the esPmated value can be calculated with this formulae.
If
there
are
'n'
numbers
then
average
of
these
numbers
can
be
calculated
by
Average
=
(X1
+
X2
+
X3
+
Xn)
/
n
adding
all
the
numbers
and
dividing
them
by
'n'.
If
there
are
'n'
(odd)
numbers,
then
Median
of
these
numbers
can
be
calculated
by
arranging
all
numbers
in
ascending
order
and
reaching
next
number
to
X(n/
Median
=
X(next
number
to
n/2)
2)th
number.
E.g.
if
there
are
seven
numbers
1,3,5,7,9,11,13
then
median
is
=
X1,
X2,
X3
Xn
(n
is
Odd
number)
next
number
to
(7/2
=
3.5
=
3rd).
Which
is
4th
number
from
either
side.
In
this
example
Median
is
number
'7'.
If
there
are
'n'
(even)
numbers,
then
Median
of
these
numbers
can
be
calculated
by
arranging
all
numbers
in
ascending
order
and
reaching
the
Median
=
X(next
number
to
n/2)
X(n/2)th
number.
E.g.
if
there
are
eight
numbers
1,3,5,7,9,11,13,15
then
=
X1,
X2,
X3
Xn
(n
is
Even
number)
median
is
average
of
(8/2
=
4)
4th
number
and
5th
number.
Which
is
(7+9)/2
=
8.
In
this
example
Median
is
number
'8'.
If
thre
are
'n'
numbers,
then
Mode
of
those
group
of
numbers
is
idenPed
by
Mode
=
X(number
that
occurs
most
frequently)
knowing
frequency
of
each
number
in
that
group.
E.g.
if
there
are
nine
numbers
=
X1,
X2,
X3
Xn
1,
3,
5,
7,
9,
11,
3,
13,
3,
then
Mode
of
these
numbers
is
'3'
since
number
3
comes
3
Pmes
in
group,
which
is
highest