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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