PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More “Control Limits” are boundaries or thresholds in project management that assist you recognize when things are going off course or when anything odd is happening in your project. Practice Test Go Example Let’s pretend you’re baking cookies. You set a…
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More When numbers are sorted from least to largest, the “median” is the point in the middle. Practice Test Go Example  Assume you’re keeping track of the number of days it took to complete certain activities in a project: –…
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Stakeholder Engagement Plan  The “mode” is a simple idea. It is the most commonly occurring value in a group of numbers. Practice Test Go Example  Assume you’re keeping track of how many hours each item in your project took:…
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More According to the Pareto Principle, about 80% of outcomes originate from 20% of causes. Simply said, a small number of factors (the “vital few”) often have a higher impact than the majority of factors (the “trivial many”). Â Practice Test…
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More The “Critical Path Float” or “Total Float” in project management refers to the length of time a job in a project may be postponed without affecting the overall project completion. Practice Test Go Example Assume you’re planning a multi-stop road…
Fast Tracking The fast tracking in project management is equivalent to using a shortcut to complete your project faster. It is about completing various chores concurrently that were previously scheduled to be completed one after the other.  Example Assume you’re constructing a house. Typically, you would lay the foundation first, then the walls, and eventually the roof….
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More In project management, “Slack or Float” refers to the length of time a task in a project may be postponed without producing a delay in the overall project completion. Practice Test Go Example Assume you’re organizing a school science fair…
PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More A definite estimate is a final, detailed assessment of how much something will cost or how long it will take in project management. It is when you have gathered all of the pertinent data and executed specific computations to arrive…
