Are you studying for the PMP exam or are you already taking preparations? Do you struggle with remembering the PMP Formulas? You should prepare for the PMP exam by studying good PMP exam prep. To get on the right path, there are a few areas you should focus on. Many PMP candidates find math calculations difficult. There are many PMP formulas that you need to remember. These formulas can be easily remembered with the PMP exam cheat sheet. There are also some commonly used concepts in the PMP exam you should know by heart. Learning the PMP formulas in an easy way will make your PMP journey much easier.
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What are the PMP Formulas?
Project management formulas are used in many project planning activities. These include, but are not limited, resource management, PMP cost management formulas and schedule estimation. They are also used in risk estimation activities such as EMV (earned-value management) and to monitor and control activities. This article will discuss the most important PMP formulas, and also provide a cheat sheet on PMP formulas.
PMI uses a variety of concepts in PMP Concepts, which are used alongside the PMP formulas. These concepts are used by PMI to assess your knowledge of basic project management terminology. These concepts include OPA and EEF, as well as other similar concepts. These concepts will also be covered in the PMP exam cheatsheet.
We have helped over 200,000 professionals from more than 180 countries to pass the PMP exam with a 99.6% success rate. Now, we have created a seven-step PMP study guide. This PMP study guide can be used to help you create your PMP prep plan.
Why is it important to know PMP Formulas
The percentage of questions based on PMP formulas varies from 5% to 10%. This means that there are approximately 10 to 20 questions. It seems like a small amount. This is a sign that you need to rethink how you approach your exam strategy. Even though the number may seem small, PMP formulas can be quick wins because PMP formula-based questions range from simple to complex. This is a testament to the importance of these questions, as PMI does not reveal the exact PMP exam passing score. Our blog provides more information about the PMP exam pass rates.
Watch our video “What are the Earned Value Formulas and PMP(r),”
15 PMP Formulas That You Must Know
This section will cover the 15 PMP formulas that you need to know in order to correctly answer PMP math questions. These formulas will be divided into two headings.
A- ) Critical Path Method, (CPM) Related PMP Formulas
B- ) Earned Value Management PMP Formulas
Let’s take a look at each one one-by-one and get the details about each PMP formula.
A- ) Critical Path Method, (CPM) related PMP Formulas
We will first provide PMP formulas that are related to the Critical Path method.
PMP Formulas #1: PERT Distribution
This PERT distribution can be divided into two types: triangular or beta.
PERT Triangular Distribution
It is one of the most important PMP formulas. We use it to calculate cost, duration, and resource estimates. First, you must determine the activity Optimistic, Most Likely (M), and Pessimistic estimates to calculate Estimated Activity Time (EAD). To estimate the activity duration, you can use PERT Triangular distribution. The PMP formula to calculate PERT Triangular distribution is as follows:
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Distribution of PERT Beta
It’s only one