Cost Management – Practice Questions
Q1: If EV is $550, AC is $650 and PV is $600, what would be the CV?A. 50B. -50C. 100D. -100 Q2: Which of the following is not a Tool …
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How to remember EVM formulas – SV, SPI, CV, SPI
Are you feeling overwhelmed with all the EVM formulas? Let’s discuss in this video how to remember four important ones. RELATED LINKS COST MANAGEMENT: FAQshttps://goo.gl/YdX2LQ EARNED VALUE MANAGEMENT (EVM)https://goo.gl/MFcQcd COST …
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Sample PMP Questions of Earned Value Management with Answers
Before proceeding, hopefully you already know the formulas for Earned Value Management technique, if not, check out this two videos, Earned Value Management Technique Formulas Earned Value Management Technique Formulas …
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Control Costs Process
What’s better than studying a topic only to realize you already know it! That’s exactly what you’ll feel like when we discuss the Control Costs process. But the caveat is, …
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Earned Value Management (EVM) Technique Formulas and Explanations
Although we have already covered Earned Value Management formulas, in this article we are taking an overview of what each concept really means. Earned Value Management technique is a method …
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All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC)
Schedule Performance Index SPI = EV/PVEV = Earned ValuePV = Planned Value < 1 behind schedule = 1 on schedule> 1 ahead of schedule Cost Performance Index CPI = EV/ACEV …
All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC) Read More
I don’t do Cost Management on my Projects
What if you don’t do Cost Management on your projects at all? Sure Cost Management is a Knowledge Area you need to study for your PMP preparation but what’s the …
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Are Project Managers Born or Made?
The age old question – Are Manager Born or Made? Let’s explore it further in this vlog. Check out more gems in Lounging Around
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Determine Budget Process
Once we are done with Estimate Costs, the next process in the line is Determine Budget. You may ask, what is the difference between an Estimate and a Budget? Check …
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What is the difference between Cost Estimates and Budget?
Cost Estimates and Determine Budget are two different processes of the Cost Management knowledge area. A question that should come up here is the difference between Estimates and Budget. Aren’t …
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