#Statistical calculations pmp series#
#Statistical calculations pmp free#

Earned Schedule, an extension to Earned Value Management, is an emerging practice in project management that offers significant improvement in monitoring and forecasting project schedule performance. While time has shown that EVM's budget metrics are very reliable, the same can't be said for corresponding schedule metrics. The United States Department of Defense's efforts led to the birth of Earned Value Management, EVM, to measure and forecast project cost and schedule performance by using ratios of work value, work accomplished, and cost of work. All projects regardless of their industry or nature inevitably are faced with two fundamental questions: are we on budget, and are we on time? As technology and project complexity increased in the 1950's it became apparent that traditional methods of measuring project progress were not working, particularly on large defense projects. Accurate project performance metrics provide not only vital data for project managers but also for business executives charged with managing complex portfolios of projects The ability to forecast conditions at project completion and to develop corrective actions facilitates the proper balance of schedule and budget priorities for the project manager and assists business leaders in achieving the optimum balance of risk, return, and value. While the primary goal of this book and Aileen's workshops is to help you pass the PMP(r) Exam, Aileen hopes that you will also walk away as a more knowledgeable and successful project manager.As technology expands at an ever increasing pace we are challenged to efficiently apply and utilize it in ever shorter cycles of new products, processes, and methods, with the ultimate goal of achieving business objectives.

Many project managers want to study just enough to pass the PMP(r) Exam and not one second more.Aileen's view is to practice on enough sample questions in each area so that the project manager is confident he/she will never get a question in that area wrong. Aileen has decided to create mini-books in each of these areas so that students can gain both the knowledge and the confidence to get these questions right.

Statistical based questions There is one thing all of these areas have in common and it is math.

#Statistical calculations pmp free#

The topics that participants seem to struggle with the most are: Earned value Management (EVM) Contract types and calculations(FPIF, CPIF, PTA, etc.) Network diagrams including float, free float, project float, leads and lags Financial based questions including IRR, ROI, etc. Often the participants in Aileen's workshops are successful project managers who may lack experience is specific topics on the PMP(r) Exam.

#Statistical calculations pmp series#

This book is the second book in our series of mini- books - PMP(r) Exam Preparation Simplified Series Over the last 16 years Aileen has helped over 10,000 project managers in her workshops obtain their PMP(r) credential. To learn to pass the PMP(r) Exam, a person must practice with hundreds and hundreds of PMP(r) Exam Prep sample questions. Aileen's view on PMP Exam Preparation To learn to ride a bike, a person must ride a bike.