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For August, we will offer discount for the PM Exam Simulator. Here are the details:
30% discount for the PM Exam Simulator 90-day access, that’s $30 off!
Regular price is $99.99
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Coupon validity is August 1 – 31, 2014
Coupon code is Aug14

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PMBOK 5 – Learning the 47 Processes

An Video Lecture by Richard Kraneis, PMP

This is the Excel spreadsheet I used to learn the 47 processes of PMBOK 5. Using a similar spreadsheet, I passed the PMP for PMBOK 4 in June of 2013.

Note: The first process in the Executing process group should read “Direct and Manage Project Work”. PMBOK 4, no longer valid, was “Direct and Manage Project Execution”. Please note that correction.

Best wishes to you in passing your PMP test.

Intro to PM: What’s So Great About Project Management?

OK, so you’ve heard of project management. But what’s so great about it? Greg Balestrero (Strategic Advisor on Corporate Consciousness, Leadership & Sustainability, IIL) shares some of project management’s key concepts, how it’s used, and why it should matter to you.

Master the PMP Exam Calculations

In one way or another, project managers will be required to perform computations for their projects. When we talk of computations, there are formulas involved. That is why it has been included in the PMP Exam — for a better gauge of a project manager’s contribution to a successful project outcome. Don’t worry because the formulas have now been compiled for easier reference, The PMP® Exam Formula Study Guide™ is now available to serve this purpose.

Here is what you will get with The PMP® Exam Formula Study Guide
You will receive more than just a list of the bare bones formulas in the way you can see it in so many PMP® prep books and on free PMP® prep websites. Your PMP® Exam Formula Study Guide will give you a lot more – after all, the PMP® Exam is complex and so are the formulas. You need more and you will get more. To know more about what is included in the package, please watch the video:

 

Here is a List of the Formula Guide Contents

If you want a well rounded approach to studying PMP® Exam formulas then here are the contents of the Formula Guide:

  • 49 Essential PMP® Formulas – Did you know that there were that many formulas to know? We list them all. And you can be sure that they are correct.
  • The Formula Concept – Every formula has a a reason why it exists. We explain this reason to you in everyday English. Knowing and understanding this concept makes it easier for you to use the formula.
  • Formula Variations – Many formulas have variations. For instance the Estimate to Complete (ETC) can be determined in 4 ways. We show you how, explain the differences and tell you when to use which variation.
  • Formula Keywords – Certain formulas are only applicable in specific situations. PMP® Exam questions use certain keywords to indicate to you which formula to use. You will learn all keywords. I promise.
  • Result Interpretations – You will come across PMP® Exam questions that ask you to interpret the result of a formula. So we teach you how to interpret them
  • 19 Important Values to remember – You can be sure that your PMP® Exam will contain questions that require you to remember these values. Some of them you have to know to 2 decimal points. You will learn the ones you need to know.
  • 27 Formula Related Acronyms – Do you know what EAC, VAC, CPI, CBR or PTA mean? You certainly will with the help of your Formula Guide.

For easy reference you will find all formulas listed in a table. Here is what the table looks like, what you can expect to find and how we explain each formula to you:

Order

Concept Formula Result Interpretation
The first column contains “The Concept” behind the formula. Instead of just giving you the formula “CV = EV – AC” we want to make sure that you understand what the formula is trying to achieve. And the best way to do that is by explaining its concept. We list the actual formula in the second column. For some concepts multiple formulas are needed, so we list them all. When helpful we also add examples for better understanding. The formula won’t do you much good if you cannot explain what the result is or means. That is why we include an interpretation in the third column. PMP questions may require interpretation.
Example: Example: Example:
Estimate to Complete (ETC)
Expected cost needed to complete all the remaining work for a schedule activity, a group of activities or the project. Helps predict what the final cost of the project will be upon completion. There are many ways to calculate ETC depending on the assumptions made.
ETC = (BAC – EV) / CPI
Assumption: use formula if current variances are thought to be typical in the future.
The planned budget minus the earned value modified by project performance. Result is a monetary value that will tell us how much more the project will cost.

The formula table, the values to remember and the list of acronyms will help you focus your studies on the important facts. There is no wasted time. Put all of this valuable information to work for yourself and order your copy right now…

Your copy of the PMP® Exam Formula Study Guide is just USD$29.99 (~HKD$230)