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17 Cards in this Set
- Front
- Back
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What is the formula for Cost Variance?
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Earned Value (EV) minus Actual Cost (AC)
CV = EV - AC |
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What is the formula for Schedule Variance?
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Earned Value minus the planned value
SV = EV - PV |
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What is the formula for Cost Performance Index (CPI)?
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Earned Value divided by Actual Cost
CPI = EV / AC |
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What is the formula for Schedule Performance Index (SPI)?
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Earned Value divided by Planned Value
SPI = EV / PV |
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What is the formula for Cost Variance Percentage?
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Cost Variance divided by Earned Value
CV% = CV / EV |
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What is the formula for Schedule Variance Percentage (SV%)?
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Schedule Variance divided by Planned Value
SV% = SV / PV |
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What is the formula for Estimate at Completion (EAC)?
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Original total budget for a project (BAC) divided by Cost Performance Index
EAC = BAC / CPI |
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What is the formula for estimate to completion (ETC)?
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Estimate at Completion minus Actual Cost
ETC = EAC - AC |
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The amount for CV is +ve. Is the outcome good or bad?
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Good outcome
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The amount for SV is +ve. Is the outcome good or bad?
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Good outcome
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The amount for CPI is more than 1 (>1). Is the outcome good or bad?
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Good outcome
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The amount for SPI is more than 1 (>1). Is the outcome good or bad?
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Good outcome
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The amount for CV% is +ve. Is the outcome good or bad?
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Good outcome
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The amount for SV% is +ve. Is the outcome good or bad?
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Good outcome
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The amount for EAC is less than Budget at Completion (<BAC). Is the outcome good or bad?
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Good outcome
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The amount for BAC is +ve. Is the outcome good or bad?
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Good outcome
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What is the formula for Variance at Completion (VAC)?
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Budget at completion (BAC) minus Estimate at completion (EAC)
VAC = BAC - EAC |
