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10 Cards in this Set

  • Front
  • Back
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