PMP® Formula Pocket Guide
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Earned Value
CV = EV - AC CPI = EV / AC SV = EV - PV SPI = EV / PV EAC ‘no variances’ = BAC / CPI EAC ‘fundamentally flawed’ = AC + ETC EAC ‘atypical’ = AC + BAC - EV EAC ‘typical’ = AC + ((BAC - EV) / CPI) ETC = EAC - AC ETC ‘atypical’ = BAC - EV ETC ‘typical’ = (BAC - EV) / CPI ETC ‘flawed’ = new estimate Percent Complete = EV / BAC * 100 VAC = BAC - EAC EV = % complete * BAC
Mathematical Basics
Average (Mean) = Sum of all members divided by the number of items. Median = Arrange values from lowest value to highest. Pick the middle one. If there is an even number of values, calculate the mean of the two middle values. Mode = Find the value in a data set that
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Payback Period = Add up the projected cash inflow minus expenses until you reach the initial investment. BCR = Benefit / Cost CBR = Cost / Benefit Opportunity Cost = The value of the project not chosen.
Communications
Communication Channels = n * (n-1) / 2
Probability
EMV = Probability * Impact in currency
Procurement
PTA = ((Ceiling Price - Target Price) / Buyer's Share Ratio) + Target Cost
Depreciation
Straight-line Depreciation: Depr. Expense = Asset Cost / Useful Life Depr. Rate = 100% / Useful Life Double Declining Balance Method: Depr. Rate = 2 * (100% / Useful Life) Depr. Expense = Depreciation Rate * Book Value at Beginning of Year Book Value = Book Value at beginning of year - Depreciation Expense Sum-of-Years' Digits Method: Sum of digits = Useful Life + (Useful Life - 1) + (Useful Life - 2) + etc. Depr. rate = fraction of years left and sum of the digits (i.e. 4/15th)
AC BAC BCR CBR CPI CV DUR EAC EF EMV ES ETC EV FV IRR LF LS NPV PERT PTA PV PV ROI SPI SV VAC σ ^
Actual Cost Budget at Completion Benefit Cost Ratio Cost Benefit Ratio Cost Performance Index Cost Variance Duration Estimate at Completion Early Finish Expected Monetary Value Early Start Estimate to Complete Earned Value Future Value Internal Rate of Return Late Finish Late Start Net Present Value Program Evaluation and Review Technique Point of Total Assumption Planned Value Present Value Return on Investment Schedule Performance Index Schedule Variance Variance at
1. For the following scores, find the mean, median, and the mode. Which would be the most appropriate measure for this data set?
You understand that database technology can dramatically improve your ability to analyze information, compared to spreadsheet technology, and assist you in developing your strategic plans for the cafe. To help you familiarize yourself with databases and their associated business value you need to create a report detailing the basics of databases and why they are better for running a business than spreadsheet applications. Be sure to provide a detailed explanation of relational databases along with their associated business advantages.
c. Depreciation is computed using the straight-line method over the asset’s estimated useful life, which is determined by asset category as follows: Buildings and improvements (5 – 40 years); Store fixtures and equipment (3 – 15years), Leasehold improvements (Shorter of initial lease term or asset life); Capitalized software (3 – 7 years).
| In Year 1, depreciation is $5,000 plus 15% of the asset’s outlayFrom Year 2, depreciation is either * 30% of the asset’s book value; or * if the asset’s book value is less than $6,500, depreciation is the asset’s book value (i.e. asset is depreciated to zero once book value < $6,500)
1. For the following scores, find the mean, median, and the mode. Which would be the most appropriate measure for this data set?
Today, the United States is facing a shortage of about 16,000 primary care physicians and this number will continue to grow by 2025 (Amirault, 2014). Primary care physicians (PCPs) are the doctors who focus on overall health and offer the treatments and preventive screenings that save lives. A physician shortage is a situation in which there are not enough providers to treat all patients in need of medical care. The Association of American Medical Colleges (AAMC) has long pointed out that the shortage of primary care physicians will be a major setback for the American healthcare system advancing (Amirault, 2014). The shortage of primary care providers presents
The earned value analysis has led to see the project will control the actual budget, which is $18,000. The actual cost at the period 4 totaled to be $7,050, and total of earned value at period 4 is $7,750. The estimate at completion for typical is $22,550. These variances show that this project will exceed the original budget of $18,000, so we are still exceeding the project’s original budgets. The SPI is less than a value of 1, which means that the project will also over schedule and activity plans. The requests immediate actions from the third-party company.
First of all we calculate the initial development cost of the system then in the second step we find out approximate calculation of annual benefits. The third step is calculation of annual operating costs. In the last step we calculate the payback period cost of project/annual cash inflows or initial investment/periodic cash flow
(a) Compute depreciation expense for 2011 and 2012 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining balance method.
To calculate straight-line depreciation when you buy a building or equipment for your business, you calculate the useful life of the asset. Find the useful life of your asset, and then determine the salvage value at the end of the asset’s useful life. Subtract the salvage value from the original cost. Divide that figure by the number of years it will last. You can write off that figure each year on your taxes. The IRS publishes a
We need to have a doctor degrees in our field after we finished our master degree and bachelor degree. Also, experience and certifications may be a requirement in some colleges.We can gain experiences by working as a professor assistants when we become a graduated student which will make us more
The PAYBACK technique is based on cash flows and it measures the time which is required for a proposal’s initial cash outflow to equal its cash inflow generated by the investment, the solution is expressed in years and month or days.
Internal rate of return (IRR) and Payback period “IRR of a project provides useful information regarding the sensitivity of the project’s NPV to errors in the estimate of its cost of capital” (Pierson et al.2011, pp.157).This proposal also shows the project is profitable by using Excel to get the IRR of 18.9%, which is
Since I was very young, I have always loved to help people. In elementary school whenever someone around me got hurt, I was there to make sure they were okay, and I would do what I could to help. As I got older I started to think about what I wanted to do when I was older. I decided almost immediately that I wanted to help people, but I could not decide what type of job I could pursue. I asked my mom and she said, "why not be a doctor?" I liked that idea and decided to look into it. I took an interest inventory online, and the results showed that I would be good in almost every job in the medical field ("WIScareers"). After some further research, I decided that a physician is the right job for me. I believe that a primary care physician is the perfect job for me, because it allows me to help people everyday, the job will challenge me constantly, and it will provide a comfortable living for me and my family.
Speaking with her companion patients, Bly was convinced that some were as sane as she was. On the Outcome of her experiences, she wrote: