PMP Exam Preparation: Confidence Levels Based on Standard Deviation (Sigma) Values

[Simplilearn]

Project management Professional certification helps to accomplish projects in more smarter ways.

[akshata172003]

very nice work. hope to see more videos on tools and techniques. have you any thing to share on Agile ways of project management?

[eROCtele]

took me 4 of your videos until I laughed at SirGanttalot. agoodwahnsir

[katharinefoley]

I checked out Brian Kennemer. I followed his directions to include PERT however when I went into Quick Access Toolbar and selected MACRO, PERT did not appear, therefore, I had no choice. Can you offer any suggestions? Also, When Selecting Project - Project Global I accidently clicked on the X and that selection is no longer available to me.... If I've deleted it can it be brought back? Either way without the Project Global window I can't perform this action any more. Thanks in advance.

[katharinefoley]

Thanks for the tip. I'll check out Google! :) One other question. When I last studied Standard Deviation with reference to PERT, to find the Variance we would write it as O - P

I noticed on your slide your write it as P - O 'Just an observation, however, this would lead to different answers' correct?

[SirGanttalot]

P - O will give you a positive number result, as the Pessimistic estimate will be a larger number than the Optimistic estimate. O - P would give you the same number, but with a negative value. Either way, the difference between the two values, P and O, is the number that you divide by 3 (for triangular) or by 6 (for PERT).

[katharinefoley]

Can Pert and Standard Deviation be used with MS Project 2010?

[SirGanttalot]

Unfortunately Microsoft discontinued the PERT analysis features in the Project 2010 version. In Project 2007 there is a PERT Aalysis Toolbar to help calculate PERT values, and you can display Optimistic, Pessimistic and Most Likely Gantts. In Project 2010 you might be interested in Brian Kennemer's add-in macro. Youtube doesn't accept url's in these replies, so search on "brian kennemer three point estimation" in Google and choose the first search result for more info.

[Birth80Birth]

Thanx alot

[rgledhil]

Taking the PMP exam this afternoon, appreciated this video!

[Akber13]

Thanks for uploading this video.

[LesleyPetrie2020926]

Exceptionally helpful!

[MikeTaylor17]

Your series has been really helpful. I'm inspired to start studying and working towards the criteria for a CAPM or PMP. Cheers