Earned Value Management Formulas

earned value management

Quick Reference for Earned Value Management Formulas If you are looking for a comprehensive list of all the Earned Value Management Formulas, then you are at the right place. If you are preparing for PMPĀ® Exam, you will find all the Earned Value Formulas. This article would provide you with a step up in doing … Read more

Estimate to Complete (ETC) Formulas In Project Management

estimate to complete etc formula

You might be wondering what Estimate To Complete (ETC) is in project management and why there are so many ETC formulas. I have written this post to explain ETC in complete detail. You will find a complete discourse on ETC including its definition, example, and calculation formulas in this post. You will also understand the … Read more

Three Point Estimate Formulas

three point estimate

Quick Reference on Three Point Estimate I have written a series of articles on Three Point Estimate and related concepts. Before reading this, you should look at my first article of the series. I have explained the basic concept of Three Point Estimate in my first article. I have also explained that PERT is not … Read more

Earned Value Management System Explained in Easy Language

Earned Value Management

Do you find Earned Value Management System a difficult concept? I generally ask the above question in my class before I start explaining what is Earned Value Management System. Usually I find most of the students have not even heard aboutĀ Earned Value Management System, let alone gauge its difficulty. On the other hand, a small … Read more

How To Use Analogous & Parametric Estimating Techniques?

project estimation

Project estimation is the most fundamental aspect of Project Management (PM). Analogous and parametric estimating techniques are most commonly used methods. You will find definitions, detailed description, and examples of these techniques in this post. You will also get to know about the difference between Analogous and parametric estimation. This post should help PMP aspirants, … Read more

Using PERT & Standard Deviation For Critical Path Analysis

pert standard deviation variance formula critical path method

You would find Program Evaluation & Review Technique (PERT), Critical Path Method (CPM) and Standard Deviation in complete detail this post. IT describes how they are related to each other and how they can be used together for project schedule analysis. This article assumes that you are already know how to use PERT Formula for … Read more

Variance And Standard Deviation In PERT Formula [PMP]

pert formula variance standard deviation

You might be looking to understand the usage of variance and standard deviation in PERT formula. PERT is an acronym for Program Evaluation and Review technique. This technique is used to determine duration and cost estimates of a task. In this technique, a weighted average (mean) of three different estimates is used to determine the … Read more

PERT Formula & Three Point Estimating: The Ultimate Guide

pert formula three point estimating

Three point estimating can be done in two ways. First one uses PERT formula and the second one calculates simple average of three different estimates viz. Optimistic, Pessimistic, and Most Likely. These techniques are used both for duration and cost estimation. PERT (Program Evaluation and Review Technique) is based on beta distribution technique and uses … Read more

To Complete Performance Index (TCPI) Formulas For PMP

tcpi project managment formula

You will find detailed explanation of To Complete Performance Index (TCPI) in this article. It includes: TCPI definition and meaning utility of TCPI in Project Management TCPI formulas, examples and calculations difference between BAC & EAC formulas strategies to solve TCPI mathematical questions for the PMP exam difference between Cost Performance Index (CPI) and TCPI … Read more

Estimate At Completion (EAC) Formulas In Project Management

estimate at completion eac formula

You might be thinking why there are so many Estimate At Completion (EAC) formulas in project management and how are they used for Earned Value Management (EVM) calculations. EVM full of confusing terms and formulas. Estimate At Completion seems like a misnomer. Well! How can you estimate anything when it is already complete? I have … Read more