EARNED VALUE (15) STAT FORM (15)

1. Earned Value (EV) = %complete x (BAC)  Normal Distribution

2. PV= % of work scheduled X BAC +/- 1 Sigma = 68.26%
3. AC = % of Budget Spent X BAC +/- 2 Sigma = 95.46%
4. Cost Variance (CV) = (EV) - (AC) +/- 3 Sigma = 99.73%
5. Schedule Variance (SV) = EV-PV +/- 6 Sigma = 99.99%
6. Cost Performance Index (CPI) = EV/AC n
7. Schedule Performance Index (SPI) = EV/PV  Present Value = FV/(1+r)
8. Estimate At Completion (EAC) = BAC/CPI r = interest rate n= number of time periods
9. EAC = AC+((BAC-EV)/CPI))
10. Estimate To Complete (ETC) = EAC - AC  Pert (P+4m+O)/6
11. Variance At Completion (VAC) = BAC – EAC  PERT Standard Deviation [(P-O)/6]
12. Work Remaining (BAC-EV)  PERT Task variance [(P-O)/6]²
----------------------------------- = TCPI  Project Variance = Take the square root of the sum
Funds Remaining (BAC-AC) or (EAC-AC) of the Task Variances

Estimates (5)  Communication Channels = N(N-1)/2

• Order of Magnitude: -25% to +75%
• Definitive Estimate: -5% to +10%  Comm Channels N(N-1)/2
RADAR (5)
 Read twice & understand
 Attention for Key words (not,
least, never, always….)
 Difficult questions – skip
 Answer from PMI perspective
 Review doubtful answers

BASE (5) EZ
 Break hourly Evaluate (5)
 Alternate breathing Dump 2 choices No clue
 Stretch/ exercise
 Eat protein
Overall score = Correct * .85 + 2
choices * .5 + No clue * .25

Process Flow (50)

Initiating (7) Planning (16) Executing (9) Monitoring & Closing (7)
Controlling (11)
Collect Acquire Team M&C Project Work Procurement audit
Identify Requirements
needs
Build Define Scope Direct and manage Validate Scope Final acceptance
Business Project work
Case Create WBS Authorise work packages Control Scope
Network diagram Perform QA Control Schedule Close Procurement
Critical path
Init Product Estimate Time & Cost Manage Stakeholder Control Cost Close Project or phase
Description Engagement
Define Proj Develop Schedule Report Status and progress Control Quality Document Lessons
Charter Learned
Develop Budget Control Risks
Assign PM Identify risks Develop Team Control Procurement Release Team
Plan Risk response Conflict management Control Communications Archive Records
Authorize Plan Quality M Conduct Procurement Control Stakeholder
Project Engagement
Identify Plan Procurement M Perform Integrated CC
Stakeholders Plan Commu M
Plan Stakeholder M
Develop HR M
Develop PMP