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23 Cards in this Set
- Front
- Back
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Earned Value Management Formulas |
PV - Planned Value EV - Earned Value AC - Actual Costs BAC - Budget at Completion |
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Variance formulas |
CV - Cost of Variance SV - Schedule Variance |
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Index Formulas |
CPI - Cost Performance Index SPI - Schedule Performance Index |
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Forecasting Forumals |
EAC - Estimate at Completion ETC - Estimate to Complete VAC - Variance at completion TCPI - To complete Performance Index |
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PV =
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SV / (SPI-1)
(Planned Value) Authorized budget assigned to scheduled work. |
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EV=
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(Earned Value) = % COMPLETE * BAC or PV (Budget at Complete) (Present Value) |
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AC =
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(Actual Cost) = CV / (CPI-1) (Cost Variance) (Cost Performance Index) |
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BAC =
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(Budget at completion) The value of total planned work, the project cost baseline. |
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CV=
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(Cost Variance) = EV-AC (>0 good)(Earned Value) (Actual Costs) |
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SV =
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(Schedule Variance)
SV = EV-PV |
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VAC
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(Variance at Completion) (Budget at Completion - Estimate at Completion) |
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CPI =
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(Cost Performance Index) (>1 good) (Earned Value) (Actual Costs) |
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SPI =
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(Schedule Performance Index) (>1 good) (Earned Value) (Planned Value) |
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EAC |
Estimate at Compeltion EAC = BAC / CPI |
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ETC
(Estimate to Complete) |
EAC-AC
(Estimate at completion - Actual Cost) |
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TCPI
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(BAC-EV) / (BAC-AC)
-or- (BAC-EV) / (EAC-AC) Remaining work / Remaining Budget |
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EMV =
(Expected Monetary Value) |
Impact * Probability
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FIND COMMUNICATION CHANNELS
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N (N-1)
---------- 2 (n = number of people) |
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COST TO BUY =
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Initial cost + # of months * monthly maintenance costs
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NORMAL DISTRIBUTION
(6 sigma formulas) |
1 sigma = 68.26%
2 sigma = 95.46% 3 sigma = 99.73% 6 sigma = 99.999% 1 SD = 1 Sigma |
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PV =
(Present Value) |
FV
---------- (1 + r)n (FV = Future Value; r=rate of interest) (n = number of time periods |
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PERT =
(Program Evaluation and Review Technique) |
(O+4M+P)/6
(Optimistic) (Most Likely) (Pessimistic) |
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Standard Deviation |
STD=(P-O)/6 |
