PMP Formulas

Overview

Class Central Tips

In this course, you'll learn about Earned Value Management, discover how to gauge project performance accurately, and use this information to make strategic decisions for project success. You'll also learn how to implement PMP formulas, equipping you with the tools to monitor progress and optimize resource utilization across diverse project environments. Additionally, you'll learn to assess project financial Return on Investment (ROI), honing your ability to evaluate project feasibility and prioritize investments to maximize organizational value. This course aligns with the Microsoft Office Specialist: Associate (Microsoft 365 Apps): MO-210 exam, enhancing your spreadsheet skills. You'll focus on managing worksheets and workbooks, managing data cells and ranges, managing tables and table data, and using formulas and functions. After completing this course, you'll be able to: • Describe the process of Earned Value Management. • Implement the PMP formulas project environments. • Assess if a project has a sound financial Return on Investment. This course is ideal for preparing for the PMI® Authorized PMP® Exam and starting your journey towards mastering the Microsoft Office Specialist: Associate (Microsoft 365 Apps): MO-210 exam.

Syllabus

Introduction to PMP Formulas

This module provides a comprehensive overview of Earned Value Management (EVM) and cost management, including EVM Variance Analysis and forecasting. You'll learn about essential PMP formulas and how to apply them to evaluate project performance and manage costs throughout the project lifecycle. From understanding formula concepts to hands-on calculations, you will gain the expertise to utilize PMP formulas effectively.

Scheduling & Estimating

In this module, you will explore and apply key schedule management formulas within the context of project management, enabling you to effectively plan, monitor, and control project schedules. This session covers the Critical Path Method (CPM), Schedule Variance (SV), Schedule Performance Index (SPI), and other relevant formulas for comprehensive schedule and estimation management.

Investment Analysis & Procurement

In this module, you will apply key Investment Analysis & Procurement Management formulas, equipping you with the skills to appraise project investment opportunities. You’ll also explore essential concepts, techniques, and strategies for assessing project investment and procurement.

Final Project and Assessment: PMP Formulas

In this module, you’ll put your skills into practice. You’ll reflect on the key learning points that you reviewed during the course and complete the final assessment and hands-on activity.