Tag: PMP Formulas (21)

In this post, we'll compare two formulas for calculating Estimate at Completion (EAC) in Earned Value Management (EVM) as part of project cost estimation.

Formula to calculate Seller Fee and Point of Total Assumption (PTA) in Fixed Priced Incentive Fee (FPIF) Contracts in Project Procurement Management for PMP Certification.

Key points about Point of Total Assumption (PTA) formula calculation questions in Fixed Priced Incentive Fee (FPIF) Contracts under Project Procurement Management.

Learn how the Point of Total Assumption (PTA) formula is derived and the concept behind PTA for Fixed Priced Incentive Fee (FPIF) Contracts in Project Procurement Management.

Learn about the significance of Point of Total Assumption (PTA) means in Fixed Price Incentive Fee (FPIF) Contracts and its implications on the buyer and the seller.

PMP Formulas based sample questions on Point of Total Assumption (PTA) calculation in Fixed Priced Incentive Fee (FPIF) Contracts for Project Procurement Management.

Four formulas to calculate EAC per PMBOK Guide for project management and the difference between Estimate At Completion (EAC) and Estimate To Complete (ETC) in Earned Value Management (EVM).

What is To Complete Performance Index (TCPI) in Project Cost Management? In this post, we'll learn the definition of TCPI, TCPI Formula and calculations using simple examples.

Understand the difference between Total Float and Free Float in Critical Path Method according to PMBOK Guide with the help of a Network Diagram example. Learn about formulas to calculate Total Float and Free Float. Also learn how Float is a project resource.

PERT stands for Program Evaluation and Review Technique. PERT is a commonly used technique along with Critical Path Method (CPM) to estimate the minimum time needed to complete a project. PERT was developed jointly by the U.S. Navy, Lockheed Martin, and the consulting firm of Booz, Allen and Hamilton working on the Polaris nuclear submarine project, in the 1950s.