CAPM Certification: Detailed CAPM Math for CAPM Exam

What's inside

Learning objectives

>>> before you sign up, take a look at the free course preview by clicking on the course picture! <<<
Solve all of the math related questions in the capm® exam easily
Solve all of the math questions in the capm® exam easily
Learn earned value management concepts in detail
Solve "contract type" related math questions
Learn how to do risk analysis
Learn critical path method for capm® exam.

Solve schedule network alearn activity duration and cost estimating techniquesnalysis questions easily.
Learn "project selection methods" in detail for capm® exam
Get a strong background for capm® exam
Get incredible discounts for my other courses
Show more
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>>> before you sign up, take a look at the free course preview by clicking on the course picture! <<<
Solve all of the math related questions in the capm® exam easily
Solve all of the math questions in the capm® exam easily
Learn earned value management concepts in detail
Solve "contract type" related math questions
Learn how to do risk analysis
Learn critical path method for capm® exam.
Solve schedule network alearn activity duration and cost estimating techniquesnalysis questions easily.
Learn "project selection methods" in detail for capm® exam
Get a strong background for capm® exam
Get incredible discounts for my other courses
Show more
Show less

Syllabus

In this section, we will explain Critical Path Method, Schedule Compression, Modeling, Resource Optimization and Critical Chain Method.

Information about the course and the formulas you need to memorize are given.

Why Should You Learn CAPM Math?

Here are the formulas you need to remember for the PMP exam.

Handouts

Information about video resolution

One last note before starting

In this section, I will explain this concept as simple as possible so that you understand it easily. So, if you are ready, let’s start the lectures.

As I said at the beginning of the Earned Value lectures, to explain the EVM Concepts, we will go through an example.

In the previous lectures, we have talked about the basic principles for the Earned Value Analysis. By only knowing the subjects we have seen up to here, you will be able to solve 2 third of the questions regarding Earn Value Analysis. But since you want to solve all of the questions, you need to follow the rest of the EVM lectures.

In this lecture we will simulate the 60th and the 80th days of the same example we have discussed in the previous lectures.

In this lecture, we continue the EVM calculations of the 60th day of our example.

In this lecture, we will simulate the 80th day of the example we have discussed in the previous lectures.

In this lecture, we will do the calculations of the 3rd example which we have discussed in the previous lecture.

Solidify your knowledge by solving these questions. (In Quiz Format)

Hi there. In this section, we will discuss the Critical Path Method, Schedule Compression, Simulation Techniques, and Resource Optimization which are the commonly used techniques in the Schedule Management knowledge area. First of all, we need to learn how to sequence the activities and here in this first lecture, we will talk about that.

Before the project is chartered, some analysis should be done to decide whether to start or not to start the project. These analyses are called the Project Selection Methods, which we are going to explain in this section.

Before starting the project, some analysis should be conducted to decide whether or not to start the project. Sometimes, not starting a project, may be a better option than starting it. There are some methods help us to make the right decision.

I.R.R. is the abbreviation of the Internal Rate of Return. Internal Rate of Return calculation is very complicated, but the good news is you don’t need to know how to calculate it for the exam.

The Payback Period is the time required to repay the investment with net cash outflow generated after the project is closed.

Another Economic Model for project selection is the Cost-Benefit analysis. In this method, the cost of the project is compared with the benefits of the project.

Before starting the present value lecture, let’s understand what the Present Value means.

Next and the last economic model is the Net Present Value.

Up to now, we have learned some of the Project Selection Methods. Now, let’s briefly talk about how to select the project; this is, we will learn which project is the best project according to the results we get from the Economic Models.

In this lecture, I will explain some of the accounting terms you need to know for the exam.

In this lecture, we will learn how to determine the duration of the activities one by one.

In the previous lecture, we have seen the One Point Estimating, Analogous Estimating and the Parametric Estimating techniques. Here in this lecture, we will discuss the Three-Point Estimating technique in detail.

In this lecture, we will learn how to draw a network diagram from a given activities list with dependencies.

In this lecture, we will learn how to do the scheduling calculations by using the Critical Path Method.

In this lecture, we will learn how to do the Critical Path Method calculations. First, we will talk about the Forward Pass and the Backward Pass. Then, we will learn how to calculate the Floats and how to find the Critical Paths.

In the previous lectures, we have learned, how to make schedule calculations; so, we know how to find the critical path and how to calculate the total duration of the project. OK, what about this? Let’s say you calculated the project duration and when you present it to your sponsor, he said: “We need to complete the project in a shorter time”. What would you do?

There may be hundreds of activities in a network diagram. Each activity has its own source. For example, resources are different for each activity. Differences in these sources may result in different results on the Project. We use simulation techniques to investigate the different results of different scenarios.

In this lecture, we will talk about the two Resource Optimization techniques: Resource Leveling and Resource Smoothing.

We calculate the number of communication channels as part of the Communication Requirements Analysis, which is a technique, used for planning Communications Management. In this lecture, we will talk about how to do these calculations.

In this section, we will learn the math concepts related to the Risk Management knowledge area. In this first lecture, we will discuss the Qualitative Risk Analysis.

In this lecture we will talk about the Quantitative Risk Analysis.

In this lecture we will start to learn how to conduct the Quantitative Risk Analysis.

In the previous lecture, we learned how to do the Expected Monetary Value calculations. Now, in this lecture, we will learn the calculations for another Quantitative analysis method, the Decision Tree Analysis.

In this lecture, we will talk about the Make-or-Buy analysis, which is a technique mostly used in the Procurement Management knowledge area.

There are several contract types exist, and in this lecture, we will learn the ones you need to know for the exam.

In this lecture, we will continue to talk about the Contract Types. We have discussed the Fixed Price contracts in the previous lecture; now it is time to talk about the other types.

Up to now, we have talked about the contract types. We mentioned some of the Risks, but we haven’t compared the Risks according to the Contract Types. In this lecture, we will prioritize the Contract types, based on the Risks they include.

In this lecture, we will learn how to solve the math questions related to contracts.

Bonus lecture.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Focuses on quantitative methods and formulas, which are critical for success on the CAPM exam and for practical application in project management scenarios

Covers Earned Value Management (EVM) in detail, which is a core component of project performance measurement and a key area for the CAPM exam

Explores project selection methods, providing a foundation for understanding how organizations choose projects based on financial and strategic criteria

Requires memorization of formulas, which may be challenging for some learners and necessitates dedicated study time and effort

Assumes learners have some familiarity with project management concepts, so those new to the field may need to supplement their learning with introductory materials

Includes content related to the PMP exam, which may be outside the scope of the CAPM exam and could potentially cause confusion for some learners

Reviews summary

Effective capm math exam prep

According to learners, this course is a highly focused and effective resource for mastering the mathematical concepts required for the CAPM exam. Students say the instructor's ability to explain complex topics simply and the inclusion of great examples and practice questions are significant strengths. Many found the course directly helpful for the CAPM math section, with some reporting success on the exam after completing it. The course is praised for its targeted approach, focusing solely on the math, providing crucial preparation for areas like EVM, Critical Path, and financial calculations. While the overall feedback is overwhelmingly positive, a few students felt the content was too basic for those with prior analytical experience, and some noted that the audio quality could be improved. Learners also appreciate that the course provides 5 PDUs upon completion.

Specific focus on CAPM math topics only.

"This is a 5 hours length real course explaining all the math concepts you should know before taking the CAPM exam."

"If you only need help with the math, this is it."

"It's focused solely on math, so don't expect anything else."

Earn 5 PDUs upon completion.

"Got my 5 PDUs too, which is a bonus."

"Provides PDUs."

Examples and quizzes reinforce learning.

"The practice questions at the end of each section were super helpful to solidify understanding."

"The examples were relevant."

"The quizzes test your understanding well."

"The EVM examples were particularly helpful and very similar to what I saw on the test."

Complex math concepts are broken down simply.

"The instructor explains complex topics like EVM and Critical Path very clearly, using simple language and great examples."

"The explanations of NPV, IRR, and Payback Period were straightforward."

"The instructor breaks things down simply."

Directly aids preparation for the CAPM math.

"This course was exactly what I needed for the CAPM math section."

"Essential prep for the math part of the exam."

"Passed the CAPM exam! This math course was a key part of my preparation."

"Definitely helps with the math for the CAPM."

Sound quality could be improved.

"Audio quality is okay, sometimes a bit muffled but understandable."

"Audio quality is also not great."

Content might be too simple for some.

"Some parts felt a little basic if you have a finance background..."

"Found this course too basic. As someone with a strong analytical background, I was hoping for more challenging examples or deeper dives..."

"It's good for absolute beginners in project math, but wasn't what I expected."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in CAPM Certification: Detailed CAPM Math for CAPM Exam_5 PDUs with these activities:

Review Project Management Fundamentals

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Strengthen your understanding of core project management concepts before diving into the math-heavy aspects of the CAPM exam.

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Review the PMBOK guide's introductory chapters.
Complete practice quizzes on project management basics.

Create Flashcards for Key Formulas

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Memorize essential formulas by creating flashcards and reviewing them regularly.

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Identify the most important formulas from the course.
Write each formula on a flashcard, along with a brief explanation.
Review the flashcards daily or weekly.

Read 'A Guide to the Project Management Body of Knowledge (PMBOK Guide)'

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Gain a solid understanding of the PMBOK guide to provide context for the mathematical formulas and concepts covered in the course.

View Risk Management in Portfolios, Programs, and... on Amazon

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Obtain the latest edition of the PMBOK Guide.
Read through the relevant sections on schedule, cost, and risk management.
Take notes on key definitions and formulas.

Four other activities

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Show all seven activities

Practice Earned Value Management (EVM) Calculations

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Reinforce your understanding of EVM formulas by working through numerous practice problems.

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Find practice questions online or in study guides.
Solve each problem step-by-step, showing your work.
Check your answers and review any mistakes.

Review 'Project Management: The Managerial Process'

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Expand your understanding of project management processes with a comprehensive textbook that provides real-world examples.

View Project Management: A Socio-Technical Approach:... on Amazon

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Obtain a copy of 'Project Management: The Managerial Process'.
Read the chapters related to cost, schedule, and risk management.
Complete the end-of-chapter exercises.

Simulate a Project Budget and Schedule

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Apply your knowledge of project math by creating a simulated project budget and schedule, then analyzing its performance using EVM.

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Define a small, realistic project with tasks and dependencies.
Estimate the cost and duration of each task.
Create a project schedule and budget.
Track the project's progress and calculate EVM metrics.

Help Others in Online Forums

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Solidify your understanding by explaining project management math concepts to others in online forums.

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Find online forums or communities related to project management.
Answer questions from other students about project math.
Explain concepts in your own words.

Career center

Learners who complete CAPM Certification: Detailed CAPM Math for CAPM Exam_5 PDUs will develop knowledge and skills that may be useful to these careers:

Project Manager

A Project Manager oversees projects from initiation to completion. This course helps build a foundation in essential project management concepts, particularly the mathematical aspects crucial for success in the field. The course emphasizes techniques like Earned Value Management, critical path method, and risk analysis. A project manager uses these skills to effectively track progress, manage budgets, and mitigate risks. Moreover, understanding project selection methods helps a project manager make informed decisions about project viability. With its focus on exam preparation, this course may provide the quantitative skills and understanding of key project management principles needed for a project management role.

See salaries and explore the career path for Project Manager

Cost Estimator

A Cost Estimator collects and analyzes data to estimate the time, money, materials, and labor required for a project. This course gives cost estimators a foundational understanding of the mathematical concepts behind project management, including activity duration estimations, cost estimating techniques, and contract type calculations. The course places an emphasis on solving math problems. This course may be useful for cost estimators.

See salaries and explore the career path for Cost Estimator

Program Manager

A Program Manager coordinates multiple related projects to achieve strategic objectives. This course may be useful because it provides valuable insights into project selection methods, risk analysis, and schedule management. Program managers benefit from a deep understanding of these areas to ensure alignment and maximize efficiency across projects. The course's approach to breaking down complex concepts into manageable steps may improve comprehension. The focus on solving math-related questions helps improve a program manager's analytical skills. The emphasis on formulas and sample questions can aid in mastering quantitative aspects of program management.

See salaries and explore the career path for Program Manager

Portfolio Manager

A Portfolio Manager is responsible for overseeing a collection of projects and programs to optimize investment and achieve organizational goals. This course helps understand project selection methods and economic models, essential for making informed decisions about which projects to include in a portfolio. The course's coverage of risk analysis and contract types also offers a portfolio manager a broader perspective on potential challenges and mitigation strategies. By focusing on the mathematical concepts, the course helps improve analytical skills, enabling a portfolio manager to assess project performance accurately. The course, while geared toward exam preparation, may be useful in the fundamentals of portfolio management.

See salaries and explore the career path for Portfolio Manager

Project Coordinator

The Project Coordinator assists project managers by handling administrative tasks, tracking project progress, and ensuring smooth communication within the team. This course helps build a strong understanding of project management methodologies, particularly in areas like schedule management and cost estimating. By understanding the mathematical concepts behind project planning and execution, a project coordinator can help improve the accuracy of project tracking and reporting. The course's step-by-step approach and sample questions may be especially helpful for those new to project management, providing a foundation for supporting project managers effectively. The course may provide a good introduction to the quantitative aspects of project coordination.

See salaries and explore the career path for Project Coordinator

Business Analyst

A Business Analyst identifies business needs and proposes solutions. This course may be useful because it helps understand project selection methods, cost-benefit analysis, and risk management, all of which are essential for evaluating the feasibility and impact of potential projects. The course's emphasis on quantitative analysis may improve the analytical skills needed to assess business requirements and develop effective solutions. The course touches on earned value management, which is used to assess project performance. This course, with its coverage of these topics, may help a business analyst gain a deeper understanding of project management principles.

See salaries and explore the career path for Business Analyst

Project Engineer

A Project Engineer applies engineering principles to project design, development, and implementation. This course may improve a project engineer's understanding of project scheduling techniques, cost estimation, and risk analysis, enabling them to integrate technical aspects with project management principles. The course's focus on critical path method and resource optimization may provide engineers with tools to improve project efficiency and time management. The course may provide essential knowledge for engineers seeking to manage projects more effectively or transition into project management roles. With its math focus, the course could help project engineers understand the financial implications of their technical decisions.

See salaries and explore the career path for Project Engineer

Construction Manager

A Construction Manager oversees construction projects to ensure they are completed on time and within budget. This course may be helpful, especially the sections on critical path method, schedule compression, and resource optimization. These topics are useful for managing complex construction schedules and resource allocation. The course's emphasis on practical examples and sample questions helps reinforce learning and application to real-world scenarios. A construction manager should be able to solve problems and make decisions using the analytical skills taught in this course. With the lessons on contract types, this course can help a construction manager further develop expertise.

See salaries and explore the career path for Construction Manager

Scrum Master

A Scrum Master facilitates agile project management practices within a team. While agile methodologies often emphasize iterative development and collaboration, this course's focus on project management principles like risk analysis, activity duration, and cost estimating may supplement a Scrum Master's skillset. Understanding these concepts provides a broader context for project planning and decision-making, even within an agile framework. This course may be useful to a Scrum Master. By understanding the math behind project decisions, the scrum master may be more capable of supporting the team.

See salaries and explore the career path for Scrum Master

Operations Manager

An Operations Manager oversees the day-to-day activities of an organization to ensure efficiency and effectiveness. This course may be useful to an Operations Manager. The course's discussion of resource optimization techniques and project selection methods may help in making decisions about resource allocation and project prioritization. The coverage of contract types and risk management further enhances decision-making capabilities. The mathematical focus of the course may help an operations manager perform quantitative analyses to improve operational performance. The course may provide useful principles of resource management.

See salaries and explore the career path for Operations Manager

Financial Analyst

A Financial Analyst analyzes financial data, prepares reports, and provides investment recommendations. This course may be useful because it helps understand project selection methods, cost-benefit analysis, and risk management, all of which are essential for evaluating investment opportunities. The course's emphasis on quantitative analysis may improve the analytical skills needed to assess financial performance and develop effective investment strategies. This course, with its coverage of these topics, may help a financial analyst gain a deeper understanding of project management principles.

See salaries and explore the career path for Financial Analyst

Management Consultant

A Management Consultant advises organizations on how to improve their performance and efficiency. This course may be helpful because it helps understand project selection methods, cost-benefit analysis, and risk management, all of which are essential for evaluating the feasibility and impact of potential projects. The course's emphasis on quantitative analysis may improve the analytical skills needed to assess business requirements and develop effective solutions. The course touches on earned value management, which is used to assess project performance. This course, with its coverage of these topics, may help a management consultant gain a deeper understanding of project management principles.

See salaries and explore the career path for Management Consultant

Data Analyst

A Data Analyst collects, cleans, and analyzes data to provide insights and support decision-making. This course may be helpful, particularly the emphasis on quantitative risk analysis and earned value management concepts. The course's focus on solving math-related questions may help improve a data analyst's proficiency in statistical analysis and modeling. The course could provide a data analyst with a foundation in project management principles, enhancing their ability to support project-related data analysis tasks. This course may be useful in expanding the toolkit of a modern data analyst.

See salaries and explore the career path for Data Analyst

Statistician

A Statistician collects, analyzes, and interprets numerical data to identify trends and relationships. While this course focuses on project management math, the emphasis on quantitative analysis and problem-solving may be relevant to statistical work. The course's coverage of risk analysis and decision tree analysis may provide a statistician with additional tools for modeling uncertainty and making predictions. This course could help a statistician further develop analytical abilities.

See salaries and explore the career path for Statistician

Chief Technology Officer

A Chief Technology Officer is responsible for the technological vision and strategy of a company. This course may be helpful because it helps understand project selection methods, cost-benefit analysis, and risk management, all of which are essential for evaluating the feasibility and impact of potential tech projects. The course's emphasis on quantitative analysis may improve the analytical skills needed to assess business requirements and develop effective solutions. The course touches on earned value management, which is used to assess project performance. This course, with its coverage of these topics, may help a chief technology officer gain a deeper understanding of project management principles.

See salaries and explore the career path for Chief Technology Officer

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in CAPM Certification: Detailed CAPM Math for CAPM Exam_5 PDUs.

Risk Management in Portfolios, Programs, and...

Save

The PMBOK Guide is the definitive resource for project management principles and practices. It provides a comprehensive framework for managing projects effectively. is commonly used as a textbook at academic institutions and by industry professionals. It is essential for understanding the context and application of the mathematical concepts covered in the CAPM exam.

Risk Management in Portfolios, Programs, and...

Paperback

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Risk Management in Portfolios, Programs, and...

Kindle Edition

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Project Management

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Provides a comprehensive overview of project management processes, tools, and techniques. It offers practical guidance on managing projects from initiation to closure. This book is commonly used as a textbook at academic institutions and by industry professionals. It adds more depth to the existing course by providing real-world examples and case studies.

Project Management: A Socio-Technical Approach:...

Kindle Edition

$$$

CAPM Certification

Detailed CAPM Math for CAPM Exam_5 PDUs

What's inside

Learning objectives

Syllabus

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Reviews summary

Effective capm math exam prep

Activities

Career center

Reading list

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