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### 19 Cards in this Set

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 Expected Value (EV) (O+4M+P)/6 O= Optimistic M= Most Likely P= Pessimistic Schedule Performance Index (SPI) SPI = EV/PV EV = Earned Value PV = Planned Value <1 bad =1 Right on >1 Good Cost Performance Index (CPI) CPI = EV/AC EV = Earned Value AC = Actual Cost <1 Bad =1 Right on >1 Good Total Slack (TS) TS = LF-EF =LS-ES LF = Late Finish EF = Early Finish LS = Late Start ES = Early Start TS=0 is the critical path Free Slack (FS) FS of x = EX (of x+1) - EF (of x) -1 ES (of x+1) = Early Start of the earlies succeeding activity to x EF = Early Finish Standard Deviation (σ) of a single activity σ=(P-O)/6 P = Pessimistic O = Optimistic Standard Deviation Variance for a Single Activity (σ)^2 σ^2 = ((P-O)/6)^2 P = Pessimistic O = Optimistic Standard Deviation for series of activities √∑σ^2 = √sum((P-O)/6)^2 O=optimistic P=pessimistic Project Variance (V) V = Total σ = Total (P-O)/6 P=Pessimistic O=Optomistic Project Standard Deviation =√V V=Project Variance Average (Mean) (O+M+P)/3 O=Optimistic M=Most Likely P= Pessimistic Mutually Exclusive Path Convergence multiply all the % between milestone A and milestone B Schedule Variance (SV) SV = EV - PV EV = Earned Value PV = Planned Value - always bad =0 right on + always good Cost Variance (CV) CV = EV - AC EV = Earned Value AC = Actual Cost - always bad =0 right on + Always good Variance At Completion (VAC) VAC = BAC - EAC BAC = Budget at completion EAC = Estimate at completion Cost of Quality (COQ) COQ = EFTW + COPQ = POC +PONC EFTW = Essential 1st Time Work COPQ = Cost of Poor Quality POC = Price of Conformance PONC = Price of Non-conformance Present Value (PV) PV = FA / (1+ i^n) FA = Future Amount i = interest rate n = number of years Straight-line Depreciation = Asset Cost / Useful Life Double Declining Balance = 2 x ((Asset Cost - Accumulated Depreciation)/useful life)