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21 Cards in this Set
- Front
- Back
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BAC
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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? |
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PV
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(Planned % Complete) X (BAC)
What is the estimated value of the work planned to be done? |
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EV
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EV = (Actual % Complete) X BAC
What is the estimated value of the work actually accomplished? |
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AC
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Sum of the costs for the given period of time.
What is the actual cost incurred for the work accomplished? |
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CV
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CV = EV – AC
(-) defines over budget. (+) defines under budget. |
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SV
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SV = EV – PV
(-) defines behind schedule. (+) defines ahead of schedule. |
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CPI
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CPI = EV /AC
You are getting $__ worth of work out of every $1 spent. (<1) is bad (>1) is good |
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SPI
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SPI = EV / PV
You are only progressing at ____ % of the rate originally planned. (<1) is bad (>1) is good |
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EAC
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EAC = BAC / CPI
What do we currently expect the TOTAL project to cost? |
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ETC
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ETC = EAC – AC
From this point forward, how much MORE do we expect it to cost to finish the project? |
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VAC
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VAC = BAC - EAC
How much over(-) or under(+) do we expect to be at the end of the project? |
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BCR
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Benifit Cost Ratio
The biggest ratio of the benefit/cost |
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IRR
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Internal Rate of Return
Biggest % of Biggest $ amt |
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NPV
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Biggest $$ project
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Three Point Estimate
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PERT
Pessimistic + (4 x Realistic) + Optimistic / 6 |
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Standard Deviation
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Pessimistic – Optimistic / 6
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Communication Channels
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N(N-1) / 2
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1 Sigma
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68.26
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2 Sigma
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95.46
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3 Sigma
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99.73
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6 Sigma
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99.9997
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