Friday, August 28, 2009

PMP Exam Formula Study Guide

Are you ready for PMP® Exam Questions like these?

Here are a 10 PMP® Exam Sample Questions for which you need to know the formulas. Judge for yourself - how many of these are you comfortable with?

Question EV = 240,000, AC = 260,000, PV = 250,000, SPI = 0.96, BAC = 700,000. How much is your new ETC assuming that current variances are typical?
Question What is the target cost on the following contract: Point of Total Assumption: 1,800,000; Target Profit: 150,000; Target Price: 1,700,000; Ceiling Price: 1,850,000; Share Ratio: 75% buyer–25% seller for overruns, 60%–40% for underruns.
Question Your team size will go from 12 to 11 people. How many fewer communication channels are there on your project?
Question EV = 105 and SPI = 0.9375. How much is the Schedule Variance (SV)?
Question You estimate that a task will take anywhere from 60 - 70 days to complete. Assuming that you estimated towards 3 sigma, how certain are you about this duration?
Question What information does the EAC contain?
Question You have received the following values from your statistical sampling: 80, 83, 85, 90, 82, 88, 90, 91, 94, and 79. What is the median of this number set?
Question

Your project has an SPI of 1.1 and a CPI of 0.9. What does this mean?

Question Which of the following 4 projects will you select? Project Gold: Profit: 200,000, EV: 450,000, ROI: 8%. Project Bear: Investment: 350,000, ROI: 8.1%, Payback Period: 4 years. Project Stellar: Lowered expenses: 45,000, Profit: -8,000, ROI: 7.5%. Project HHGTTG: PV: 50,000
Question You are manufacturing screws and your control limits for the weight of these screws are set from 2.51 grams to 2.58 grams. Your customer informs you that they would like to have their control specifications set from 2.54 grams to 2.57 grams. What do you tell your customer?

Here are the Benefits of using the Formula Study Guide

Checkmark Certainty - I personally guarantee that the information in the Formula Study Guide is correct. If you look around the internet you will find dozens of websites that list incorrect PMP® Exam formulas. In some cases we have even found wrong formulas from renowned PMP® training companies. Our Formula Study Guide contains the correct formulas and it is the authoritative source. 1
Checkmark Save Time - There is no need for you to surf the web and read several PMP prep books to gather all the necessary formulas. You will receive them on a silver platter and can spend time learning and applying the formulas rather than looking for them.
Checkmark Save Even More Time - Have you already started creating your PMP Brain Dump Sheet? This PMP Cheat Sheet is usually a one-page reference that holds all the important facts to remember. Approximately 75% of this sheet will be the formulas and values that your Formula Guide will give to you.
Checkmark Confidence - Once you have learned the information from your Formula Guide you will feel extremely confident when it comes to formula based questions. You will be able to answer any that you come across.
Checkmark Take the guesswork out of it - You will never have to ask yourself "Am I studying the right formulas?"

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