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15 Cards in this Set
- Front
- Back
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How is ACWP defined? |
-actual cost of work accomplished |
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How is cost variance defined? |
-BCWP - ACWP = CV |
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How is Scheduled Variance defined? |
-BCWS - BCWP = SV |
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How is the cost performance index calculated? |
-BCWP/ACWP |
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How is the schedule performance index calculated? |
-BCWP/BCWS |
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How is the estimate at completion calculated? |
-actuals to date + remaining work/efficiency factor |
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List the efficiency factors: |
-Cumulative CPI: Tends to be optimistic - Composite CPI: Tends to be pessimistic - Three month CPI: Shows the most current cost performance -six month CPI: Shows the most accurate Weighted CPI: Weighs cost more than schedule |
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What does the integrated program management report DID provide? |
- combines the Contract PerformanceReport (CPR) and Integrated Master Schedule (IMS) -into a singleintegrated report to be consistent with good, disciplined programmanagement |
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What is EVM? |
-An integrated process in the management and oversight of acquisition programs -A management approach to ensure the total integration of cost, schedule and work scope aspects of the program |
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What EVM metric measures schedule? What are some of the examples of the events? |
-BCWS -Program reviews, critical paths, scheduled simulations |
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What EVM metric measures performance? What are some examples of its events? |
-BCWP -Tests, TMP, simulations, design reviews, system engineering |
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What EVM metric measure cost? What are some examples of its events? |
-EAC, BAC, ACWP - Cost estimates, CFSR, CCDR, WBS |
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Budgeted Cost of Work Scheduled is defined as... |
-Represents the value of work planned to be accomplished |
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Budgeted cost of work performed? |
-represents the value of work accomplished in relation to the PMB |
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Actual cost of work performed? |
-represents the actual cost of work accomplished |
