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### 21 Cards in this Set

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 BAC No one formula exists. BAC is derived by looking at the total budgeted cost for the project. How much did we BUDGET for the TOTAL project effort? PV (Planned % Complete) X (BAC) What is the estimated value of the work planned to be done? EV EV = (Actual % Complete) X BAC What is the estimated value of the work actually accomplished? AC Sum of the costs for the given period of time. What is the actual cost incurred for the work accomplished? CV CV = EV – AC (-) defines over budget. (+) defines under budget. SV SV = EV – PV (-) defines behind schedule. (+) defines ahead of schedule. CPI CPI = EV /AC You are getting \$__ worth of work out of every \$1 spent. (<1) is bad (>1) is good SPI SPI = EV / PV You are only progressing at ____ % of the rate originally planned. (<1) is bad (>1) is good EAC EAC = BAC / CPI What do we currently expect the TOTAL project to cost? ETC ETC = EAC – AC From this point forward, how much MORE do we expect it to cost to finish the project? VAC VAC = BAC - EAC How much over(-) or under(+) do we expect to be at the end of the project? BCR Benifit Cost Ratio The biggest ratio of the benefit/cost IRR Internal Rate of Return Biggest % of Biggest \$ amt NPV Biggest \$\$ project Three Point Estimate PERT Pessimistic + (4 x Realistic) + Optimistic / 6 Standard Deviation Pessimistic – Optimistic / 6 Communication Channels N(N-1) / 2 1 Sigma 68.26 2 Sigma 95.46 3 Sigma 99.73 6 Sigma 99.9997