With the PMP exam, I practiced making a brain dump several times, so that the first thing I did when I sat down to take the exam was to brain dump my formula on to a sheet of paper. This way, I could quickly reference the formula with ease. I followed the same pattern for the Risk Management Exam.

Risk = Probability * Impact

Probability = Chance / Likelihood

Mean = Average

Std Dev = SqRoot(Sum of data – Mean / No)sqd

Earned Value Management = x% change of y profit eg: 0.35 * 1000 = EVM

3 point estimate = (Best + 4 Likely + Worst) / 6

CV = Cost Variance = EV - AC

SV = Schedule Variance = EV - PV

CPI = Cost Performance Ind = EV / AC .... >1 spending less <1 overspend

SPI – Schedule Performance Ind = EV / PV .... >1 good <1 bad

EAC = Estimate at Completion = BAC / CPI

Note: There are three calculations for this - But this is the simple one.

ETC = Estimate to Completion = EAC - AC

BAC = Budget at Completion

Paerto = 80 /20 -> 80% occurrences from 20% of causes

These are the only formula I required for the Risk Management Exam.

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