PMP Math

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Straight Line Depreciation is a way of spreading out an asset’s cost evenly across its useful life. Practice Test Go Example Assume you paid $10,000 for a machine for your project and expect it to last 5 years. To calculate…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More The Sum of Years’ Digits (SYD) method of computing depreciation considers an asset’s complete useful life and assigns higher depreciation expenditure to the earlier years of its life.   Practice Test Go Example Assume you purchased a machine for your…

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…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More The term “Total Assets” refers to everything of value that a business or project owns or controls. It’s like adding up all of a company’s valuable assets, such as cash, buildings, equipment, and even patents or trademarks. Practice Test Go…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More “Total Investments” often refers to the total worth of a company’s or project’s investments in multiple assets or projects. These investments might consist of purchasing stocks, bonds, real estate, or even investing in other businesses. Practice Test Go Example  …

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Total Sales (TS) refers to the total amount of money earned from the sale of products or services within a given time period. Practice Test Go Example Assume you’re in charge of a project that involves the sale of handcrafted…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Variance at Completion (VAC) is a project management term that describes the difference between a project’s budgeted or planned cost and the expected final cost at completion.   Practice Test Go Example Assume you’re planning a community gathering. You had…

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More “Working capital” is the financial fuel that keeps a project or a business functioning. It is the money available for day-to-day operations, covering expenditures and ensuring that everything continues to run smoothly. Practice Test Go Example Assume you’re in charge…