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10 Cards in this Set
- Front
- Back
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Cost Variance (CV) |
CV = EV - AC EV: earned value AC: actual cost Positive (>0) is good Negative (<0) is bad Indicates if project is over/under budget |
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Schedule Variance (SV) |
SV = EV - PV EV: earned value PV: planned value Positive (>0) is good Negative (<0) is bad Indicates if project is on track time wise |
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Cost Performance Index (CPI)
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CPI = EV/AC EV: earned value AC: actual cost CPI > 1 is good CPI < 1 is bad |
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Schedule Performance Index (SPI) |
SPI = EV/PV EV: earned value PV: planned value SPI > 1 is good SPI < 1 is bad |
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Estimate To Completion (ETC) |
ETC = BAC - EV BAC: budget at completion EV: earned value How much more money needs to be spent to complete project |
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Estimate At Completion (EAC) [OPTIMISTIC] |
EAC = AC + (BAC - EV) AC: actual cost BAC: budget at completion EV: earned value |
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Estimate At Completion (EAC) [SIMPLE FORECASTING] |
EAC = BAC/CPI BAC: budget at completion CPI: cost performance index |
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Estimate At Completion (EAC) [CRITICAL RATIO FORECASTING / PESSIMISTIC] |
EAC = AC + (ETC/CR) AC: actual cost ETC: estimate to completion CR: critical ratio |
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Critical Ratio (CR) |
CR = CPI x SPI CPI: cost performance index SPI: schedule performance index |
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To-Complete Performance Index (TCPI) |
TCPI = (BAC - EV) / (BAC - AC) TCPI = work remaining / funds remaining |
