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13 Cards in this Set
- Front
- Back
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PV |
Planned value As of today, what is the estimated value of the work planned to be done? |
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EV |
Earned value As of today, what is the estimated value of the work actually accomplished? |
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AC |
Actual Cost (total cost) As of today, what is the actual cost incurred for the work accomplished? |
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BAC |
Budget at completion (cost baseline) How much did we budget for the total project effort |
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EAC |
estimate at completion
What do we currently expect the total project to cost? (A forecast) |
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ETC |
Estimate to completion EAC-A.C. From this point in, how much more do we expect it to cost to finish the project? (A forecast) |
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VAC |
Variance at completion BAC-EAC As of today, how much over or under budget do we expect to be at the end of the project? |
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CV |
cost variance EV-A.C. Negative is over budget, positive is under budget |
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SV |
Schedule Variance EV-PV Negative is behind schedule positive is ahead of schedule |
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CPI |
cost performance index EV/A.C. we are getting $X worth of work for every $1 spent. Funds are or are not being used effectively. Greater than 1 is good less than 1 is bad |
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SPI |
Schedule performance index EV/PV We are (only) progressing at X% of the rate originally planned. Greater than 1 is good less than 1 is bad |
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EAC |
Estimate at completion As of now how much do we expect the total project to cost? |
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TCPI |
To complete performance index (BAC-EV)/(BAC-A.C.) Greater than 1 is bad |
