Earned Value Management Formulas Cheat Sheet
EVM formula questions are some of the most reliably scored items on the exam if you know exactly what each formula measures and what a result above or below the neutral point means.
Exam tip. On formula questions, write out PV, EV, and AC for the scenario first, then plug into the formula; do not try to recall the answer from memory alone since a single wrong sign flips the interpretation.
Contract Types Compared
Procurement questions often hinge on knowing which party bears the most risk under a given contract type, since that risk allocation is the entire reason different contract types exist.
Exam tip. When scope is well defined, expect fixed price contracts; when scope is uncertain or the work is exploratory, expect cost-reimbursable; T&M fills small, short-duration gaps.
The Risk Response Strategies at a Glance
Threats and opportunities are two sides of the same risk coin, and PMI expects you to know that each threat strategy has a mirrored opportunity strategy, with accept being the one strategy both sides share.
Exam tip. Accept is the only response strategy common to both threats and opportunities; every other strategy has a distinct threat version and opportunity version that mirror each other.
Predictive, Adaptive and Hybrid: Choosing and Defending the Approach
The exam expects you to pick a life cycle from evidence in the stem rather than from preference. The deciding factors are how well the requirements are understood, how likely they are to change, how often the customer can give feedback, and whether partial delivery has value. Hybrid is not a compromise for the indecisive; it is the correct answer when different parts of one project genuinely sit at different points on that scale.
Exam tip. If a stem mentions a regulator, a fixed-price contract or a hardware dependency, some part of the answer will be predictive.
Compressing a Schedule Without Breaking the Project
When a stem says the project is behind and the end date cannot move, the exam is testing whether you know that both compression techniques have a price and neither changes scope. Crashing costs money. Fast tracking costs risk and usually rework. Neither is applied to activities off the critical path, because shortening those changes nothing.
Exam tip. Cost is not a constraint in the stem means crashing. Cost is fixed but some risk is acceptable means fast tracking.
The Change Request Sequence, In Order
Change questions are almost always about sequence. The single most common wrong answer is implementing a change because the requester is senior or the change is small. The project manager's job on receiving a request is to assess its impact across all constraints, then put it through the agreed process, and only then act on the decision.
Exam tip. Any option where the project manager implements first and informs later is wrong, however small or urgent the change appears.
Quality Terms That Get Confused in Exam Stems
Quality questions punish imprecise vocabulary more than any other area. Prevention and inspection, precision and accuracy, assurance and control, grade and quality are four pairs that appear repeatedly, and each pair contains one term candidates reach for by habit and one the stem is actually describing.
Exam tip. A stem describing a cheap product that works exactly as specified is describing low grade and acceptable quality, not a quality problem.