3 Point Estimate: Triangular Distribution vs Beta Distribution (PERT)

PMP aspirants often come across the 3 Point Estimate when studying for the PMP exam for the first time. There are 2 different formulas for the 3 Point Estimate, and it is generally not clear to most project managers as to which one to use, and when, or why. I have written about the 3 … Read more

What is the Delphi Technique?

Yesterday, after I wrote about the Performance Measurement Baseline for the PMP exam, I received an email asking about the Delphi Technique. I replied to the query, but then thought to expand it, and make it into a detailed article for your benefit too, as it is a common question on the PMP exam. Most … Read more

Master SPI Questions for Easy Marks on PMP Exam

In the PMP Exam, there are atleast 4-5 questions that only focus on simple interpretation of the Schedule Performance Index (SPI) or the Cost Performance Index (CPI). There questions are from the Cost Management or Time Management Knowledge Areas, as defined in the PMBOK Guide. Some such questions require you to do minor calculations. As … Read more

Do You Know about Hammock Activity for PMP exam?

Written by Vinai Prakash, PMP. A Hammock Activity is a schedule or project planning term for grouping smaller subtasks that hangĀ  between two dates. The sub tasks are not really related in a hierarchical sense. This means that there is no fixed sequence of tasks – any of these subtasks can be done at any … Read more

Simple Formula Questions Part 2 – Calculating Float

By Vinai Prakash Many calculation type PMP questions are pretty straight forward. All you need to know is the right formula, and have a good understanding of the basic concepts to apply the formula in the right way. In the first part of the series, I talked about the Three Point Estimate Questions. Today, I … Read more

Simple Formula Questions Part 1 – Three Point Estimates

By Vinai Prakash First of all, thanks to all of you who took part in the mini survey, and helped me assess in what way can I help you to prepare for the PMP exam. If you haven’t done it yet, appreciate if you could take a minute, and take the survey at http://www.surveymonkey.com/s/F87827Z Many … Read more