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PMP Training

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<strong>PMP</strong> is about creating value. How to calculate the earned value<br />

Why calculate the earned value in <strong>PMP</strong>? 5-­‐10 Questions deal with the matter of<br />

earned value.<br />

1. Determine Cost<br />

2. Schedule variances<br />

3. Schedule indexes<br />

Where to start with variances and indexes? If you need to calculate Variances and<br />

Indexes start with what you have, start with<br />

the Earned Value (EV)<br />

Where to start when looking for information If you want to get information, use Present<br />

on schedule?<br />

value (PV)<br />

Where to start when looking for current When looking for Cost, use Actual Value<br />

Cost?<br />

(AC)<br />

How to calculate variance? For variance use substraction<br />

e.g. Start value = Effective Value -­‐ Present<br />

value<br />

How to calculate the Cost variance (CV) Cost Variance (CV) = Earned Value – Actual<br />

Cost<br />

How to calculate index? For Index devide values.<br />

Schedule Performance Index = Earned<br />

Value / Planned Value<br />

How to calculate SPI (Scheduled<br />

Performance index)?<br />

How to calculate the Cost Performance<br />

Index (CPI)?<br />

<strong>PMP</strong> Quality Control Tools<br />

Schedule Performance Index = Earned<br />

Value / Planned Value<br />

Cost Performance Index = Earned Value /<br />

Actual Cost<br />

What is a Cause and effect diagram? Cause and effect diagram. Diagrams that<br />

define the inputs to a process or product in<br />

order to identify potential causes of defects.<br />

What is a Histogram? Histogram. A bar chart showing a<br />

distribution of variables.<br />

What is a run chart? Run chart. Show trends in the variation of a<br />

process over time.<br />

What is a scatter diagram? Scatter diagram. Shows the relationship<br />

between two variables.<br />

What is a control chart? Control Chart. A graphic display of process<br />

data over time and against established<br />

control limits, and that has a centerline that<br />

assists in detecting a trend of plotted values<br />

toward either control limit.

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