To pass the PMP, you will have to know the formulas used to calculate the key project management metrics.

Some of the formulas you need to know are:

Planned Value (PV) = Planned % Complete X BAC
Actual Cost (AC) = Sum of the actual costs
Earned Value (EV) = % Complete * BAC
Budget At Completion (BAC) = Total Budgeted for the project
Cost Variance (CV) = EV – AC (>0 Good)
Schedule Variance (SV) = EV – PV (>0 Good)
Cost Performance Index (CPI) = EV / AC (>1 Good)
Schedule Performance Index (SPI) = EV / PV (>1 Good)
Estimate at Completion (EAC) = AC / % Complete (BAC / CPI)
Estimate to Complete (ETC) = EAC – AC
Variance At Completion (VAC) = BAC – EAC

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