Pmp Exam 2011 - Formulaes

Front 1

EV

(budgeting)

Back 1

EV = % complete x BAC

Budgeted cost of the work performed so far.

Used to track overall completion of a project.

EV is a calculated value, not the actual expense.

Front 2

Planned Value (a.k.a. what)

Back 2

Budgeted cost for the work scheduled to be completed on an activity or a work breakdown structure component. also referred to as the Budgeted Cost of Work Scheduled (BCWS)

Front 3

SV

Back 3

SV = (EV - PV)

Schedule Variance

Measures schedule variance in $ (how many $ are you ahead / behind schedule).

Front 4

Budget At Completion

Back 4

Sum of all the budget values established for work to be performed on a project; total planned value for the project

Front 5

AC

Back 5

Actual Cost

Front 6

Earned Value (a.k.a. what?)

Back 6

Also referred to as the
Budgeted Cost of Work Performed (BCWP).

Budgeted amount for the work actually completed on the schedule activity or a work breakdown structure component.

Formula: EV = BAC * %Comp

Front 7

CPI

Back 7

CPI = EV / AC

Cost Performance Index

Measures cost variance as a %

Front 8

Actual Cost (a.k.a. what?)

Back 8

Also referred to as the Actual Cost of Work Performed (ACWP). Total cost of accomplishing the work on a schedule activity or a work breakdown structure component

Front 9

SPI

Back 9

SPI = EV / PV

Schedule Performance Index

Measures schedule variance as a %

Front 10

Cost Variance

Back 10

A measure of cost performance on a project

Formula: CV = EV - AC

Front 11

RTD

Back 11

RTD = BD / SPI

Revised Total Duration

The projected duration based on how the project is actually going, schedule-wise.

Front 12

Schedule Variance

Back 12

A measure of schedule performance on a project

Formula: SV = EV - PV

Front 13

BAC

Back 13

Budgeted At Completion

The end point of the PV curve; the total budget.

Front 14

Cost Variance %

Back 14

Tells you what percentage cost varies for the work performed to date

Formula: CV % = CV / EV

Front 15

BD

Back 15

Baseline Duration

The planned duration of the project.

Front 16

Schedule Variance %

Back 16

Tells you what percentage schedule varies from what had been planned to date

Formula: SV % = SV / PV

Front 17

EAC

Back 17

EAC = BAC / CPI

Estimate At Completion

What the project will cost, based on how the project is going, cost-wise.

Front 18

Cost Performance Index

Back 18

A measure of cost efficiency on a project

Formula: CPI = EV / AC

Front 19

CV

Back 19

CV = EV - AC

Cost Variance

Measures cost variance in $

Front 20

Schedule Performance Index

Back 20

A measure of schedule efficiency on a project

Formula: SPI = EV / PV

Front 21

PV

Back 21

Planned Value

The line that shows how much is budgeted over the life of the project.

Front 22

To-Complete Performance Index

Back 22

Denotes, from a point in time, the efficiency that must be achieved in order to complete the remaining work with the expected remaining
money

Formula: TCPI = (BAC – EV) /
(BAC – AC)

Front 23

Float

Back 23

Forward pass = ls - es

Backward pass = lf - ef

Front 24

Percent Complete

Back 24

An estimate, expressed as a percent, of the amount of work that has been completed on an activity or a work breakdown structure component

Formula: % Comp = EV / BAC

Front 25

Early Finish (of project)

Back 25

(Early Start + Duration) - 1

Front 26

Percent Spent

Back 26

An estimate, expressed as a percent, of the money that has been spent

Formula: % Spent = AC / BAC

Front 27

Late Start (of project)

Back 27

Early Start + Float

Front 28

Estimate At Completion

Back 28

Expected total cost of a schedule activity, a work breakdown structure component, or the project

Formulas: EAC = BAC / CPI
or EAC = AC / % Comp

Front 29

Late Finish (of project)

Back 29

(Late Start + Duration) - 1

Front 30

Estimate To Complete

Back 30

Expected cost needed to complete all the remaining work for a schedule activity, work breakdown structure component, or the project

Formula: ETC = EAC - AC or ETC
= (BAC - EV) / CPI

Front 31

PERT

Back 31

(P + 4ML + O) / 6

Front 32

Variance At Completion

Back 32

Difference between the total budget assigned to a project, budget at completion (BAC), and the total cost estimate at completion (EAC)

Formula: VAC = BAC - EAC

Front 33

Triangulation Estimate (beta estimate)

Back 33

(P + M + O) / 3

Front 34

Standard Deviation Estimate

Back 34

(P - O) / 6