Educate 360, Professional Training Partners

From fundamentals to exam prep boot camps, Educate 360 partners with your team to meet your organization's training needs across Project Management, Agile, Business Analysis, Business Management, and Leadership skills development.

Explore
Our Brands
Project Management Academy
To receive your FREE test answers and complete explanations please submit your contact information and agree to our privacy policy.

PMP Formula Practice Questions

Project Management Academy's PMP formula based questions are developed from A Guide to the Project Management Body of Knowledge (PMBOK® Guide) topics. Below are 10 PMP formula practice questions that will help prepare you for the PMP exam. When finished, please enter your information in the fields below to access the results and complete explanations.

Access to more than 2,000 PMP exam questions is available for free with the purchase of any Project Management Academy course. Current students can login to their portal to access more PMP formula based questions.


1. The Simons Company is always trying to get the best return on its investment. If the current interest rate is 6% and the return on investment (ROI) is 1.73, the return the company would earn if it invests in the project is called?

A. IRR
B. NPV
C. Present value (PV)
D. Earned value

2. You are a project manager working on a small marketing project to launch a new ad campaign. If earned value (EV) =350, actual cost (AC)=400, planned value (PV) =325. What is cost variance (CV)?

A. 350
B. -75
C. -50
D. 400

3. You are a new project manager for your organization. Your project has a BAC of $250,000 and is expected to last 10 months. Currently, the project is in month six and is 40 percent complete, but the project was expected to be 60 percent complete by this time. You have spent $125,000 to complete the work. What is the cost performance index of the project?

A. 0.66
B. 1.25
C. 2
D. 0.8

4. You have been asked by management to forecast the total cost of your project at completion. Baseline data includes BAC=$700, with PV=$300. Recent work performance data includes EV=$275, with AC=$280. Variances measured to date have no known cause, so therefore have little bearing on future estimates. What amount will you forecast?

A. 700
B. 705
C. 675
D. 712.73

5. If utilize a prototype your investment will be $200,000. The probability of project failure is 35% and the impact will be $120,000. If you don't utilize the prototype, the probability of project failure is 65% and the impact will be $450,000. Based on this information, should we utilize a prototype?

A. Go with the prototype
B. Go without the prototype
C. We do not have enough data to make a decision
D. You should go to the change control board and ask them what to do

6. You are a Senior Project Manager in your organization and a newly hired Junior Project Manager comes to you for advice on how to calculate PERT for their newly assigned project. For PERT analysis, what durations are required?

A. Total Float, Lead time and Lag time
B. Pessimistic, Optimistic and Most likely estimates
C. Best and Worst case estimation
D. Top-down analogous estimates

7. You have received an estimate from a team lead that took some time to finalize but has the level of detail that allows the client to make an informed decision. The team lead apologizes to you for the delay but she had some challenges trying to get some of the estimated data from one of the subcontractors. Which method of estimating did the team lead most likely use?

A. Expert Judgement
B. Parametric
C. Bottom-Up
D. Analogous

8. Your project has an optimistic estimate of 20 weeks, a most likely estimate of 25, and pessimistic estimate of 38 weeks. What is the standard deviation of the estimate?

A. 26.3
B. 13.8
C. 7.5
D. 3

9. You are the Project Manager on a merger and acquisition project. Activity A (3 days) and activity B (4 days) can start immediately. Activity C (2 days) can start after A and B are complete. Activity D (5 days) can begin after activity B is complete. Activity E (6 days) can begin after activity B is complete. Activity F (4 days) can begin after activities C and D are complete. Activity G (5 days) can begin after activities D and E are complete. Activity H (4 days) can begin after activities F and G are complete. What is the float of activity D?

A. 1 day
B. 2 days
C. 4 days
D. Not enough information

10. You are doing some analysis to help with project selection. There is a debate concerning which projects to select. You have the following projects to choose from: Project A with an IRR of 11.5%, Project B with an IRR of 18%, Project C with an IRR of 15%, and Project D with an IRR of 13%. You can select only one project, which should you choose?

A. Project A
B. Project B
C. Project C
D. Project D

To receive your FREE test answers and complete explanations please submit your contact information and agree to our privacy policy.

7 Secrets to Passing the PMP Exam

Want to pass the PMP Certification Exam?

Download this free guide and pass your PMP exam!

Live Classroom PMP Exam Prep Courses

Find a PMP Course Near Me
Select a city, or view all course options.
2022 Online PMP Training Courses
Jun 6-9 & 13-16
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16 & 20-23
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 25-28 & Aug 1-4
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 1-4 & 8-11
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 8-11 & 15-18
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 22-25 & 29-Sep 1
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 22-25 & 29-Sep 1
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 12-15 & 19-22
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 19-22 & 26-29
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 3-6 & 10-13
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 3-6 & 10-13
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 17-20 & 24-27
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 24-27 & 31-Nov 3
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 31-Nov 3 & 7-10
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Nov 28-Dec 1 & 5-8
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Nov 28-Dec 1 & 5-8
5:00pm-9:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Dec 12-15 & 19-22
12:00pm-4:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Online PMP Training
2022 Online PMP Training Courses
Jun 13-16 & 20-23
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-17 & 20-23
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 18-21 & 25-28
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 25-28 & Aug 1-4
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 8-11 & 15-18
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 22-25 & 29-Sep 1
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 22-25 & 29-Sep 1
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 19-22 & 26-29
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 19-22 & 26-29
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 3-6 & 10-13
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 17-20 & 24-27
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 17-20 & 24-27
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 31-Nov 3 & 7-10
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Nov 28-Dec 1 & 5-8
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Dec 12-15 & 19-22
6:30am-11:00am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Dec 12-15 & 19-22
6:30pm-11:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Live Online PMP Certification Training
5 Star Rating
Rated 5/5 based on 5,049 reviews
Online PMP Training
2022 Online PMP Training Courses
Jun 14-17 & 21-24
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 14-17 & 21-24
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 12-15 & 19-22
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 19-22 & 26-29
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 26-29 & Aug 2-5
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 9-12 & 16-19
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 23-26 & 30-Sep 2
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Aug 23-26 & 30-Sep 2
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 13-16 & 20-23
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 20-23 & 27-30
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Sep 27-30 & Oct 4-7
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 11-14 & 18-21
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 18-21 & 25-28
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Oct 25-28 & Nov 1-4
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Nov 8-11 & 15-18
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Nov 29-Dec 2 & 6-9
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Dec 13-16 & 20-23
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Dec 13-16 & 20-23
11:00am-3:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
2022 Online PMP Training Courses
May 21,22 & 28,29
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
May 23,24,25,26
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
May 26,27 & Jun 2,3
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
May 31, Jun 1,2,3
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
May 31,Jun 1 & 7,8
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 6-9 & 13-16
1:00pm-5:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 6,7,8,9
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 9,10 & 16,17
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 11,12 & 18,19
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16, 20-23
6:00pm-10:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13,14,15,16
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16 & 20-23
8:00am-12:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 14,15 & 21,22
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 18,19 & 25,26
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 20,21,22,23
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 23,24 & 30, Jul 1
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 27,28,29,30
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 28,29 & Jul 5,6
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 5,6,7,8
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 7,8 & 14,15
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
2022 Online PMP Training Courses
May 23,24,25,26
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
May 31,Jun1,2,3
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 6-9 & 13-16
10:00am-2:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 6,7,8,9
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 11,12 & 18,19
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16 & 20-23
3:00pm-7:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13,14,15,16
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16 & 20-23
5:00am-9:30am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 13-16, 20-23
6:00pm-10:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 20,21,22,23
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jun 27,28,29,30
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 5,6,7,8
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 9,10 & 16,17
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11,12,13,14
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
5:00am-9:30am
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
10:00am-2:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 11-14 & 18-21
3:00pm-7:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 18-21, 25-28
6:00pm-10:30pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 18,19,20,21
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
Jul 25,26,27,28
8:30am-6:00pm
$2,895 USD
$1,995 USD
$2,895 USD   $1,995 USD
VOD PMP Exam Prep
Video On Demand
Video on Demand
At your own pace
$995 USD
REGISTER
$995 USD
PMP Exam Prep Voucher
Unsure of the date or location? Buy a voucher now and decide later.
Endorsed IIBA Certification Training Provider
Project Management Academy BBB Business Review
100% Money Back Guarantee
Authorize Seal Credit Card Processing