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11 Cards in this Set

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Planned Value (PV)
The physical work scheduled, plus the authorized budget to accomplish the scheduled work
Formerly known as budgeted cost of work scheduled (BCWS)
What the project should be worth at this point in the schedule
Cost Variance (CV)
EV - AC
+ve good
- ve bad
Schedule Variance (SV)
EV - PV
+ve good
-ve bad
Cost Performance Index (CPI)
EV/AC
>1 good
<1 bad
Schedule Performance Index (SPI)
EV/PV
>1 good
<1 bad
Cost Variance Percentage (CV%)
CV/EV
+ve good
-ve bad
Schedule Variance Percentage (SV%)
SV/PV
+ve good
-ve bad
Earned Value (EV)
% Complete x BAC

formerly budgeted cost of work performed (BCWP)
Estimate at Completion (EAC)
BAC/CPI
<BAC good
>BAC bad
Variance at Completion (VAC)
BAC - EAC
+ve good
-ve bad
Estimate to Completion (ETC)
EAC - AC
N/A good and bad