Category Archives for "PMP Difficult Topics"

Difficult Topics – Useful for CAPM and PMP Exam

The Ultimate Guide To Use PERT, CPM & Standard Deviation Together

pert cpm

I have described Program Evaluation & Review Technique (PERT), Critical Path Method (CPM) and Standard Deviation in complete detail this post. I have talked about how they are related to each other and how they can be used together. What is Critical Path Method (CPM)? Critical Path is the Longest Path in the Project Network. […]

Continue reading

What Is The Use Of Standard Deviation In PERT Estimation?

use of standard deviation

What is the chance of getting a ‘Heads’ in a toss of a coin? You would say that’s easy. There is a 50% chance of getting a Heads. Or you would say Probability of getting ‘Heads’ is 50% or 1/2. What is the chance of getting a ‘Six’ in a throw of a dice? You […]

Continue reading

How to Answer PMP Questions?

In this post I have tried to consolidate some tips which will be useful for correctly answering PMP exam questions. These should be helpful to PMP aspirants. I have categorized the tips for answering the questions under 4 different categories. Read on… Questions Read the question carefully. Understand what the question is asking. Read the questions patiently. […]

Continue reading

To Complete Performance Index – TCPI Formula & Calculations Explained

tcpi formula calculations (to complete performance index)

I have written this post to explain an important Earned Value Analysis concept viz. To Complete Performance Index (TCPI). In this post, you will find the definitions, formulas, calculation, and example of TCPI. You will also find about different TCPI formulas viz. BAC & EAC formulas, utility of TCPI in Project Management, difference between Cost […]

Continue reading

Which “Type of Contract” is More Risky?

Types of Contracts and Risk A Question You are working for a Defense Contractor. Your company is bidding for a Government’s secret project called Project “Hush-Hush”. The Government has decided to outsource this project as a Fixed Price Contract. Who has more Risk for this Project? Defense Contractor Government All Projects are risky. Both Defense […]

Continue reading

Estimate At Completion – 5 EAC Formulas for The PMP Exam

estimate at completion eac formula

I have written this post to provide a detailed explanation of Estimate At Completion (EAC). In this post you will find definition, example, formulas, and calculations related to EAC. The PMBOK Guide describes 4 different Estimate At Completion formulas. In this post, I have extended the concept further to describe a generic equation and 5 […]

Continue reading