PMP Math

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More BCWS (Budgeted Cost of Work Scheduled) refers to the entire budget or cost that was planned or scheduled to be spent on various tasks or activities within a given timeframe in project management. Practice Test Go Example Assume you’re in…

Cashflow Yes, consider cash flow to be the money that flows into and out of a project or firm. When money comes in, it’s like the tide rising, and when money goes out, it’s like the tide lowering. Assume you’re organizing a lemonade stand. You begin with $100 to purchase lemons, sugar, and glasses. You make $30…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More In project management, Cost Variance (CV) is the difference between the actual cost of performing a job or project and the intended or budgeted cost. Practice Test Go Example Assume you’re organizing a birthday party. You expected that the overall…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Cost Variance (CV) is the difference between the actual cost of performing a job or project and the intended or budgeted cost. Practice Test Go Example Assume you’re planning a birthday party. You expected that the overall cost would be…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More In project management, the Cost Performance Index (CPI) is a score that helps you evaluate how successfully you’re controlling expenses in comparison to what was intended. Practice Test Go Example Assume you’re planning a home improvement project. You projected the…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More “Current Assets” are the resources or items of value owned by a project or company that are expected to be turned into cash or used up within a relatively short period of time, often within a year. Practice Test Go…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More “Current Liabilities (CL)” are debts or commitments that a project or organization must pay off in a very short period of time, typically within a year.     Practice Test Go Example Assume you’re in charge of a project to…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More The Double Decline Balance Method is a method of calculating depreciation for an asset whose value drops more rapidly in the early years of its life and less rapidly in subsequent years. Practice Test Go Example Assume you spent $10,000…