PMP Exam Maths, Formulas & Equations Simplified for PMP from Udemy

Welcome,

Why PMP Maths is important

In the PMP Exam out of 200, there are almost 30-40 Questions that involve Mathematical Formulas, Equations and numerals. So even if you are not good at Maths you just cannot ignore them.

PMBok Guide has loads of different formulas related to Earned Value Management, Critical Path Method, Activities duration and cost estimates, Risk Management, Project Selection Methods, Communications Channels, Decision Tree Diagram, Expected Monetary Value etc

Similarly, it has loads of acronyms associated with Mathematical Formulas i.e.

At the same time, it's very important Understanding the concept and Logic behind Formula. Just take the example of the Point of Total assumption formula even if you memorize the Formula and you don’t understand what it means by Ceiling Price, Target Price then you will not be able to extract these values from questions in the exam.

Why to Take my Course

Since PMP Exam and PMBok Guide are already very dry and boring so ideally, you don’t want a course that is just a Powerpoint Slideshow readout where Instructor is reading the Screens. This is nearly the same experience you have reading a book yourself.

This is where my course is different, I will explain all concepts in detail in interactive video-based style lectures on this whiteboard where.

I will make sure this “Hard Math” is simplified in concepts and gives you detail regarding the background logic of the formulas using simple real-world examples. That makes it easy to remember.

How the Course is Structured

I have structured this course in a way that first I will explain all formulas in detail in lectures then I will show you how to solve sample Exam questions and lastly there will be a quiz so that you can assess your knowledge.

What is covered in this Course?

Cover all "Earned Value Management" Mathematical Formulas and Related Questions in PMP Exam
Cover all "Critical Path Method " Mathematical Formulas and Related Questions in PMP Exam
Cover all "Activities Cost and Duration Estimates" Mathematical Formulas and Related Questions in PMP Exam
Cover all "Communication Channels" Mathematical Formulas and Related Questions in PMP Exam
Cover all "Decision Tree Analysis" Mathematical Formulas and Related Questions in PMP Exam
Cover all "Expected Monetary Value " Mathematical Formulas and Related Questions in PMP Exam
Cover all "Project Selection Methods" Mathematical Formulas and Related Questions in PMP Exam
Cover all "Point of Total Assumption" Mathematical Formulas and Related Questions in the PMP Exam

What's done for this course

I have spent plenty of time brainstorming and researching to make this course as simple as possible.

I have gone through the whole PMBOK Guide and covered each and every Mathematical formula in this course even if it simple formula like a standard deviation that is P – O /6 so this course will be enough to cover the Mathematical part of the PMP Exam.

Trust me this Course is a Treasure and no one did this topic like this before Udemy.

After taking this course, I can guarantee you, that you would not need to forcefully dump your brain with so many formulas rather you would be to able conceptualize the Formulas to remember them forever.

Still, in case you change your mind, you have Money Back Guarantee So you have nothing to lose.

What's inside

Learning objectives

Would be able to solve all mathematical questions in pmp exam
Solve "critical path method " related questions in pmp exam
Solve "earned value management" related questions in pmp exam
Solve "activities cost and duration estimates" related questions in pmp exam
Solve "communication channels" related questions in pmp exam

Solve "decision tree analysis" related questions in pmp exam
Solve "expected monetary value " related questions in pmp exam
Solve "project selection methods" related questions in pmp exam
Solve "point of total assumption" related questions in pmp exam

Would be able to solve all mathematical questions in pmp exam
Solve "critical path method " related questions in pmp exam
Solve "earned value management" related questions in pmp exam
Solve "activities cost and duration estimates" related questions in pmp exam
Solve "communication channels" related questions in pmp exam
Solve "decision tree analysis" related questions in pmp exam
Solve "expected monetary value " related questions in pmp exam
Solve "project selection methods" related questions in pmp exam
Solve "point of total assumption" related questions in pmp exam

Syllabus

In this Section, All Major EVM Concepts, Maths and Formulas will be Covered

In this Lecture, Introduction to EVM and Project Example will be discussed that we are going to use in whole course. Its very important not to miss this Lecture

In this Section, EVM Building Blocks i.e. EV(Earned Value), PV(Planned Value), AC(Actual Cost) and BAC(Budget at Completion) will be discussed in Detail

In this Lecture, We will go through 3 different Examples and learn how to extract EV, PV, AC & BAC from Problem Statement or Question.

In this Lecture, Schedule Variance, Cost Variance, Schedule Performance Index and Cost Performance Index will be discussed to measure that Project is on delay or on time or on cost or over/under budget

In this Lecture, What is EAC and all its 4 formulas will be discussed in detail

In this Lecture, We will Understand what is VAC and ETC and what are their Formulas

In this Lecture, We will Understand what is TCPI and explain in detail its 2 Formulas

Sample Exam Questions with Answers 1-5

Sample Exam Questions with Answers 6-10

EVM Quiz

Critical Path Method

In this Lecture, Core Concepts like ES,EF,LS,LF, Critical Path, Float/Slack, Free Float will be explained

In this Lecture, We will cover what is Lead and Lag and their impact in Network Diagram

In this Lecture, We will Cover 4 different type of Dependencies between Activities and their impact

FS Finish to Start,

SS, Start to Start,

FF, Finish to Finish,

SF Start to Finish

In this Lecture, We will draw a network diagram that has leads and lags and different activities dependencies

In this Lecture, We will Solve 2 Exam Questions

In this Lecture, We will Solve 3 more Sample Exam Questions

Critical Path Method Quiz

In this Section, Activities cost and duration estimates Maths will be Covered

In this Lecture, Introduction to 3 Point Estimation will be discussed and Most Likely, Optimistic & Pessimistic Scenarios will be explained

In this Lectures 3 Formulas of Triangular Distribution, Beta Distribution/PERT and Standard Deviation will be explained

Sample Exam Questions

Activities Cost and Duration Estimates Quiz

In this Section, 5 different Economic Model Project Selection Methods and their Maths will be explained in detail

Introduction to Project Selection Methods

In this Lecture, Present value and its formula will be explained

In this Lecture, Net Present Value NPV and its Formula will be explained

In this Lecture, Internal Rate of Return(IRR) and its Formula will be explained

In this Lecture, Benefit to Cost Ratio(BCR) and its Formula will be explained

In this Lecture, Pay Back Period and how to calculate it will be explained

In this Lecture, Exam tips of all 5 economic models will be explained

Project Selection Methods Quiz

In this Section, Formulas of Risk Analysis and Management will be explained that is Expect Monetary Value (EMV)

In this Lecture, Decision tree Diagram and Expected Monetary Value will be explained in detail.

Sample Exam Question

Decision Tree Diagram and Expect Monetary Value(EMV) Quiz

In this Section, Communication Channel Formula will be explained in Detail

In this Lecture, Communication Channel Formula will be explained in detail and what is the usage and how it helps in planning

Communication Channels Quiz

In this Section, Maths falling under Contract Management will be discussed that is Point of Total Assumption

In this Lecture, Point of Total Assumption Formula will be explained in detail with an example

Point of Total Assumption Quiz

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Teaches EVM concepts, calculations, and formulas required for success on the PMP Exam

Builds a solid foundation for PMP aspirants seeking to master EVM

Develops a strong understanding of critical path method for project planning and management

Covers communication channels formulas to enhance effective project communication

Examines decision tree diagram and expected monetary value for risk analysis

Provides a comprehensive study of project selection methods for informed decision-making

Reviews summary

Confusing calculations

According to students, this course has many errors in calculations and incorrectly explained concepts.

Some core concepts are not well explained

"and few concepts are not correctlyvexplained"

"Several concepts were explained in a way that confused me."

"The instructor does not do a good job explaining the material."

Many errors in calculations noted

"Lot of errors in calculations.."

"The calculations are frequently incorrect."

"I often found errors in the math problems and solutions."

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 PMP Exam Maths, Formulas & Equations Simplified for PMP with these activities:

Review basic algebra concepts

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Revisiting basic algebra concepts will help strengthen your mathematical foundation for understanding the formulas in the course.

Browse courses on Algebra

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Review your notes or textbooks on basic algebra.
Practice solving simple algebra problems.
Take an online quiz or test to assess your understanding.

Read the PMBOK Guide

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Reading the PMBOK Guide will provide a comprehensive overview of the concepts covered in the course, including the mathematical formulas.

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

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Acquire a copy of the PMBOK Guide.
Review the chapters and sections relevant to the mathematical concepts.
Take notes and highlight important formulas and concepts.

Form a study group to discuss mathematical concepts

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Joining a study group will provide opportunities to collaborate and learn from your peers, particularly those who may have a better understanding of the mathematical concepts.

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Reach out to your classmates and invite them to form a study group.
Establish a regular meeting time and location.
Discuss the mathematical concepts covered in the course, including the formulas and their applications.
Work together to solve practice problems and exam questions.

Five other activities

Expand to see all activities and additional details

Show all eight activities

Watch video tutorials on PMP exam questions

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Watching video tutorials will provide visual explanations and examples of how to solve PMP exam questions, particularly those that involve mathematical concepts.

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Search for video tutorials on PMP exam questions on platforms like YouTube or Udemy.
Choose tutorials that are relevant to the mathematical topics covered in the course.
Watch the tutorials and take notes on the techniques and strategies used to solve the problems.
Practice applying the techniques on your own.

Create a formula cheat sheet

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Creating a formula cheat sheet will help you organize and retain the mathematical formulas covered in the course.

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Gather all the formulas from the course materials.
Categorize the formulas by topic or section.
Write out each formula clearly and concisely on the cheat sheet.

Practice formula derivations

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Practicing formula derivations will help you develop a deeper understanding of the mathematical concepts behind the formulas.

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Choose a formula to derive.
Identify the variables involved in the formula.
Write out the formula using the variables you identified.
Manipulate the formula algebraically to derive the desired form.

Develop a summary of EVM concepts

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Creating a summary will help you synthesize and consolidate your understanding of EVM concepts.

Browse courses on Earned Value Management

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Review the course materials on EVM.
Identify the key concepts and terms.
Write a concise summary that explains the concepts in your own words.

Contribute to open-source projects related to PMP

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Participating in open-source projects will give you practical experience applying the concepts and techniques you learn in the course to real-world projects.

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Identify open-source projects related to PMP on platforms like GitHub.
Review the project documentation and requirements.
Choose a project to contribute to and reach out to the project maintainers.
Follow the project's guidelines and make contributions to the codebase, documentation, or testing.

Career center

Learners who complete PMP Exam Maths, Formulas & Equations Simplified for PMP will develop knowledge and skills that may be useful to these careers:

Project Manager

A Project Manager is someone who plans, executes, and closes projects. This course may be helpful for someone who is seeking employment as a Project Manager. Project Managers must be able to oversee all aspects of a project and manage resources. They must also be able to communicate with stakeholders. This course teaches the principles of project management, including planning, scheduling, budgeting, and communication. It also covers the use of project management software.

See salaries and explore the career path for Project Manager

Program Manager

A Program Manager is someone who oversees a group of projects that are related to each other. This course may be helpful for someone who is looking to become a Program Manager. Program Managers must be able to coordinate the work of multiple project teams and ensure that they are all working towards the same goals. This course teaches the principles of program management, including planning, budgeting, and communication.

See salaries and explore the career path for Program Manager

Portfolio Manager

A Portfolio Manager is someone who oversees a group of investments. This course may be helpful for someone who is interested in working in finance. Portfolio Managers must be able to analyze investments and make decisions about how to allocate funds. This course teaches the principles of portfolio management, including financial analysis and risk management.

See salaries and explore the career path for Portfolio Manager

Financial Analyst

A Financial Analyst is someone who provides financial advice to individuals and businesses. This course may be helpful for someone who is interested in working in finance. Financial Analysts must be able to analyze financial data and make recommendations about investments. This course teaches the principles of financial analysis, including financial modeling and valuation.

See salaries and explore the career path for Financial Analyst

Product Manager

A Product Manager is someone who is responsible for the development and launch of a product. This course may be helpful for someone who is interested in working in product development. Product Managers must be able to understand customer needs and develop products that meet those needs. This course teaches the principles of product management, including product planning and marketing.

See salaries and explore the career path for Product Manager

Operations Manager

An Operations Manager is someone who is responsible for the day-to-day operations of a business. This course may be helpful for someone who is interested in working in operations. Operations Managers must be able to manage resources and ensure that processes are running smoothly. This course teaches the principles of operations management, including process improvement and quality control.

See salaries and explore the career path for Operations Manager

Risk Manager

A Risk Manager is someone who is responsible for identifying and managing risks to a business. This course may be helpful for someone who is interested in working in risk management. Risk Managers must be able to understand the risks that a business faces and develop strategies to mitigate those risks. This course teaches the principles of risk management, including risk assessment and risk mitigation.

See salaries and explore the career path for Risk Manager

Auditor

An Auditor is someone who is responsible for reviewing financial records and ensuring that they are accurate. This course may be helpful for someone who is interested in working in auditing. Auditors must be able to understand accounting principles and audit procedures. This course teaches the principles of auditing, including financial statement analysis and internal control.

See salaries and explore the career path for Auditor

Quality Assurance Manager

A Quality Assurance Manager is someone who is responsible for ensuring that products and services meet quality standards. This course may be helpful for someone who is interested in working in quality assurance. Quality Assurance Managers must be able to understand the quality standards that apply to products and services and develop strategies to ensure compliance. This course teaches the principles of quality assurance, including quality control and quality improvement.

See salaries and explore the career path for Quality Assurance Manager

Compliance Officer

A Compliance Officer is someone who is responsible for ensuring that a business complies with all applicable laws and regulations. This course may be helpful for someone who is interested in working in compliance. Compliance Officers must be able to understand the laws and regulations that apply to a business and develop strategies to ensure compliance. This course teaches the principles of compliance, including regulatory compliance and ethics.

See salaries and explore the career path for Compliance Officer

Marketing Manager

A Marketing Manager is someone who is responsible for developing and implementing marketing campaigns. This course may be helpful for someone who is interested in working in marketing. Marketing Managers must be able to understand customer needs and develop campaigns that reach those customers. This course teaches the principles of marketing, including market research and advertising.

See salaries and explore the career path for Marketing Manager

Supply Chain Manager

A Supply Chain Manager is someone who is responsible for managing the flow of goods and services from suppliers to customers. This course may be helpful for someone who is interested in working in supply chain management. Supply Chain Managers must be able to understand the needs of customers and develop strategies to meet those needs. This course teaches the principles of supply chain management, including inventory management and logistics.

See salaries and explore the career path for Supply Chain Manager

Sales Manager

A Sales Manager is someone who is responsible for leading a sales team. This course may be helpful for someone who is interested in working in sales. Sales Managers must be able to motivate their team and develop sales strategies. This course teaches the principles of sales management, including sales forecasting and customer relationship management.

See salaries and explore the career path for Sales Manager

Business Analyst

A Business Analyst is someone who analyzes business processes and identifies areas for improvement. This course may be helpful for someone who is interested in working in consulting. Business Analysts must be able to understand business needs and develop solutions to problems. This course teaches the principles of business analysis, including process mapping and requirements gathering.

See salaries and explore the career path for Business Analyst

Data Analyst

A Data Analyst is someone who collects, analyzes, and interprets data. This course may be helpful for someone who is interested in working in data science. Data Analysts must be able to use statistical software and programming languages to analyze data. This course teaches the principles of data analysis, including data mining and machine learning.

See salaries and explore the career path for Data Analyst