PMHub
PMP®/CAPM® Exam
- Tip of the Day
In This Edition
Sign Up
PMHub Links
Welcome!

PMHub now offers you the benefit of daily guidance to help you stay on the road to success with the project management exam or to sharpen and exercise the project management skills you already possess. Each edition of the PMHub Tip of the Day will give you a question of the day, daily terminology booster, and links to other helpful tools that will prepare you for exam success.
placemat 2
The CAPM Exam Success Series: Placemat Volume 2 is designed to provide easy memorization of the 44 PMBOK processes and their Inputs, Tools/Techniques, and Outputs that the CAPM Exam is based on. It also includes a number of graphical aids for memorization and PMI standards.

  • 11" x 17" Double sided Protective Laminate
  • Process Mapping and Knowledge Areas organized for memorization
  • Tables and Formulas for fast and easy memorization
  • Color-coded organization for all 9 knowledge areas
  • Perfect for last minute Study Sessions

Question of the Day
Task A is worth $400, is 95% complete, and actually cost $395. Task B is worth $350, is 90% complete, and actually cost $330 so far. Task C is worth $275, is 100% complete, and has cost $310 so far. The total budget is $2500. What is the Estimate at Completion for the tasks listed?

(a) $1100.04
(b) $690.63
(c) $2668.09
(d) $2500
Terminology of the Day
Opportunity Cost

The cost associated with giving up one opportunity for another (Ex. Project A $50K US, Project B $75K US. If you select Project B, it has an Opportunity Cost of the total of Project A, which is $50K US.)
Answer and Explanation to Yesterday's Question
Calculate the variance for the following: Pessimistic=14, Optimistic=6, Realistic=8.

(a) 1.33
(b) 1.78 (Correct)
(c) 8.66
(d) Not enough information

Explanation: The formula for variance is Pessimistic-Optimistic divided by 6, squared. The answer is 1.78.