Acronyms Flashcards
1
Q
PV
A
Planned value { (planned % completed) x budget
2
Q
EV
A
Earned value { (% of completed work) x budget}
3
Q
AC
A
Actual cost (money spent)
4
Q
EVM
A
Earned Value Management
5
Q
SV
A
Schedule variance ( EV - PV)
6
Q
CV
A
Cost Variance (EV - AC)
7
Q
SPI
A
Schedule performance index ( EV/PV )
8
Q
CPI
A
Cost Performance index ( EV/AC )
9
Q
Burn Rate
A
1 / CPI
10
Q
EAC
A
Estimate at completion (difference between project budget and cost baseline)
11
Q
TEC
A
Total estimated costs
12
Q
OPCs
A
Other project costs
13
Q
ETC
A
Estimate to complete ( how much money will be required to complete remaining balance of project work.)
14
Q
TCPI
A
To-Complete Performance Index
15
Q
WBS
A
work break-down structure
