Project Management Guidance - PMP
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PMP Formulas
| Posted on January 25, 2013 at 4:40 PM |
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PMP Important formulas which required to remember
1. PV (Planned Value) = BAC * (% of planned work), Where BAC is Budget at completion
2. EV (Earned Value) = BAC*(% of Completed work)
3. Schedule variance(SV) = EV-PV
4. Cost Variance(CV) = EV- AC Where AC is Actual Cost, Incurred to perform completed work
5. Schedule Performance Index (SPI) = EV/PV
6. Cost Performanc...
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| Posted on January 24, 2013 at 10:25 AM |
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What is Project?
Project is set of activities or tasks accomplished to meet the specific requirements or objective. Project is temporary in nature. It will have specific start date and end date. It produces unique product , service or result. It produces component of product or product itself.
It involves single person or multiple persons.
What is Project Management?
Project Management is application of knowledge, skills, tools, techniques a...
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