Many PMP aspirants dread the formula questions on the PMP exam. Most of the formula questions come from the area of Cost Management & Time Management, generally using the Earned Value Mangement techniques.

1. Simple Formula Questions – Three Point Estimates www.pmchamp.com

2. Many PMP aspirants dread the formula questions on the PMP exam. Most of the formula questions come from the area of Cost Management & Time Management, generally using the Earned Value Managementtechniques. JOIN TODAY - Online PMP Exam Preparation Workshop

3. However, there is a group of very simple formulas, which once mastered, can easily yield many right answers on the PMP Exam. JOIN TODAY - Online PMP Exam Preparation Workshop

4. Such simple formulas belong in the Cost, Communication and Quality Management areas. I’ll divide this post into multiple parts, focusing on 1 simple formula at a time. This one focuses on the Three Point Estimation Technique. JOIN TODAY - Online PMP Exam Preparation Workshop

5. Three Point Estimate JOIN TODAY - Online PMP Exam Preparation Workshop

6. The 3 point estimate belongs to the time management knowledge area. It can also be used during Cost Estimation. A three point estimate is a better estimate, compared to a single point estimate. Single point estimate simply gives you a single number – for example, JOIN TODAY - Online PMP Exam Preparation Workshop

7. Manager: How long will it take to complete the engine design? Engineer: 5 days. JOIN TODAY - Online PMP Exam Preparation Workshop

8. The problem with single point estimates is that they are seldom correct. How reliable is this 5 days estimate? It will depend on the engineer, and whether this task has been done before or not? If it is a routine task, and has been performed many times, a single point estimate may be ok… JOIN TODAY - Online PMP Exam Preparation Workshop

9. Learn More About The Three Point Estimates JOIN TODAY - Online PMP Exam Preparation Workshop

10. Aim to Pass the PMP exam in your first attempt, with the right guidance and the PMI perspective of thinking. Join our Online PMP Exam Prep Coaching Workshop Or try out as many mock exam tests as you can: Free and Paid PMP Resources JOIN TODAY - Online PMP Exam Preparation Workshop

11. And let me know once you pass the exam. All the Best! Cheers,Vinai Prakash, PMP www.pmchamp.com JOIN TODAY - Online PMP Exam Preparation Workshop