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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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n (n-1)/2 n is the The solution Commun 1. Jerry recently took over a

Numbers number provides you ication project after another project
of of project the amount of Manage manager left. He needed to
Communi members communication ment determine how many
cation channels your communication channels
Channels project has existed to ensure he was
with a given effectively reaching all his
number of stakeholders. Looking through
project his stakeholder registry and
members. A removing the prior PMP, the
quick hint, n project has 43 members. How
includes the many communication channels
PM. exist?

Pert E= E is the The solution Time 2. If the task has an estimate of

Estimation (O+4M+P best provides you Manage 13 days, an optimistic estimate
(aka Beta )/6 estimate the best ment of 10 days, and a pessimistic
Distributio of the estimate on estimate of 20 days. What is the
n) time it how long a weighted estimate to complete
will take task will take to this task?
to complete.
complete
a task Hint: Pert or
 KNOWL
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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beta is the
O is the most common
optimistic estimation
estimate formula, as it is
more exact.
M is the Additionally,
most this could also
likely be referred to
estimate as weighted
estimation.
P is the
pessimist
ic
estimate.

Triangular E= E is the The solution Time 3. If the task has an estimate of

Estimation (O+M+P)/ best provides you Manage 6 days, an optimistic estimate of
3 estimate the best ment 4 days, and a pessimistic
of the estimate on estimate of 10 days. What is the
time it how long a straight estimate to complete
will take task will take to this task?
to complete.
complete
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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a task Hint: On the

exam this
O is the formula could
optimistic also be
estimate referred to as
straight
M is the estimation.
most
likely
estimate

P is the
pessimist
ic
estimate.

Standard (P-O)/6 P is the This formula Time 4. If the task has an optimistic
Deviation pessimist helps you Manage estimate of 7 days and a
ic determine the ment pessimistic estimate of 15 days,
estimate possible range what is the standard deviation
an activity of the task?
O is the could take.
Once you
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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optimistic determine the

estimate standard
deviation, add
it and subtract
it from the
estimated
duration you
found using
Pert or
Triangular
estimation.
This will give
you the range
in activity.

Cost CV=EV- EV is CV, cost Cost 5. If planned value is 400,

Variance AC earned variance, helps Manage earned value is 350, and actual
value, or you determine ment cost is 450, what is the cost
the the difference variance?
actual in the actual
value of cost to date to
the work what work is
complete complete to
 KNOWL
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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d to a date.
certain
point in a If CV 0, the
project project is within
budget
AC is the
actual In the simplest
cost, or of terms, if CV
the 0, things are
actual good!
amount
spent to
a certain
point in a
project.

Schedule SV=EV- EV is SV, schedule Cost 6. If planned value is 500,

Variance PV earned variance, helps Manage earned value is 575, and actual
value, or you determine ment cost is 450, what is the
the the difference schedule variance?
actual in the actual
value of work
the work completed for
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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complete the project

d to a from what was
certain planned.
point in a
project. If SV 0, the
project is
PV is ahead of
planned schedule
value, or
the In the simplest
budgeted of terms, if SV
value of 0, things are
the work good!
at a
certain
point in a
project.

Cost CPI= EV is CPI, or cost Cost 7. If planned value is 500,

Performan EV/AC earned performance Manage earned value is 575, and actual
ce Index value, or index helps ment cost is 450, what is the cost
the you determine performance index?
actual the amount of
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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value of work you are

the work getting based
complete on the money
d to a spent.
certain
point in a If CPI 1, the
project project is within
budget
AC is the
actual In the simplest
cost, or of terms, if CPI
the 1, things are
actual good!
amount
spent to
a certain
point in a
project.

Schedule SPI= EV is SPI, or Cost 8. If planned value is 400,

Performan EV/PV earned schedule Manage earned value is 350, and actual
ce Index value, or performance ment cost is 450, what is the cost
the index helps variance?
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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actual you determine

value of the percentage
the work of work
complete complete
d to a based on the
certain planned work
point in a rate.
project
If SPI 1, the
EV is project is
earned ahead of
value, or schedule.
the
actual In the simplest
value of of terms, if SPI
the work 1, things are
complete good!
d to a
certain
point in a
project.

PV is
planned
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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value, or
the
budgeted
value of
the work
at a
certain
point in a
project.

Estimate 1. AC + AC is the EAC, or Cost Let’s test if you can pick the
at Bottoms - actual estimate at Manage right formula with these two
Completio up ETC cost, or completion ment examples:
n (EAC) the helps you
actual determine from 9. In your current project the
(There are 2. amount this date planned value is 400, earned
four BAC/CPI spent to forward how value is 350, and actual cost is
variations a certain much you can 450. Based on the work effort
of this point in a expect the needed to date the team
formula 3. AC + project. project to cost determined the original $1000
based on (BAC - at completion. estimate is no longer valid. A
what the EV) EV is The word “at” reestimate of the remaining
question earned is very tasks is 750. What is the current
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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asks for. value, or important for estimate at completion for this

This is 4. AC + the this formula! project?
why it is (BAC - actual
important EV)/ (CPI value of Let’s discuss 10. In your current project the
to x SPI) the work why you would planned value is 400, earned
understan complete use these four value is 350, and actual cost is
d what the d to a formulas to 450. The project budgeted
numbers certain assess this 1,500 at completion.
mean.) point in a estimate. Considering the challenges
project. experienced early in the project
Formula 1 are resolved, what is the current
ETC is uses the actual estimate at completion?
the cost to date
estimate and adds the
to new estimated
completi cost to
on, or completion.
how You would use
much this formula if
more there was a
money flaw in the
the original
project estimate.
will cost Formula 2 is
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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to used if the
complete project is on
. target, tracking
to the budget
BAC is at completion
budget at and there are
completi no variations in
on, or rate of
what was spending
budgeted expected.
for the Formula 3 is
entire used when
project at there have
completi been atypical
on. differences in
the actual cost
CPI is of the project,
the cost but those
performa differences are
nce believed to be
index, or corrected and
the the remaining
evaluatio expenditures
n of work should be
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NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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complete inline with what

d for the was budgeted
money Formula 4 is
spent. used if there
are differences
SPI is in the project
the that are
schedule expected to
performa continue. The
nce main difference
index, or with this
the formula and
evaluatio formula 2 is the
n of work project
complete schedule is
d to work critical and
planned. must be met,
so all
expenses will
need to be
flexible to meet
the deadline.
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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(BAC- AC is the TCPI, or to- Cost 11. The project was originally
To- EV)/(BAC actual complete Manage budgeted to spend $2,000. At
Complete -AC) cost, or performance ment this point your actual cost is
Performan the index helps 1,500 and 1,200 worth of work
ce Index actual you is complete. What is the TCPI
(TCPI) amount understand for the project?
spent to what pace the
a certain remaining
point in a tasks must be
project. completed to
keep the
EV is project within
earned budget.
value, or
the TCPI 1, the
actual project does
value of not need to
the work change speed
complete to complete
d to a within budget.
certain
point in a In the simplest
project. terms, TCPI 1
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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BAC is things are

budget at good!
completi
on, or
what was
budgeted
for the
entire
project at
completi
on.

Estimate EAC - AC EAC, or ETC, or Cost 12. Your project, with a budget
to estimate estimate to Manage at completion of $1,500,
Complete Reestimat at complete helps ment currently has a planned value of
(ETC) e completi you 400, earned value of 350, and
on helps understand the actual cost of 450. The current
There are you cost remaining work and all variances to date
two ways determin to complete the are expected to continue; based
to find e from project. on this, what is the estimate to
ETC this date complete the project?
forward
how
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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much the
project is
expected
to cost at
completi
on.

AC is the
actual
cost, or
the
actual
amount
spent to
a certain
point in a
project.

Reestima
te,
means
just what
the name
implies,
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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use the
same
strategie
s that
you used
during
project
planning
to
reestimat
e the
cost of
the work
remainin
g.

Variance BAC - BAC is VAC, variance Cost 13. Your project, with a budget
at EAC budget at at completion Managm at completion of $1,500,
Completio completi is the ent currently has a planned value of
n (VAC) on, or difference in 400, earned value of 350, and
what was what the actual cost of 450. The current
budgeted budgeted cost work and all variances to date
for the of the project are expected to continue; based
 KNOWL
FORMUL
NAME TERMS SOLUTION EDGE SAMPLE QUESTION
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entire was to what we on this, what is variance at

project at now expect the completion?
completi project to cost.
on.
If VAC 0, the
EAC, or project is within
estimate budget
at
completi In the simplest
on helps terms, VAC 0
you things are
determin good!
e from
this date
forward
how
much
you
expect
the
project to
cost at
completi
on.