Acronyms Flashcards
PV
Planned value { (planned % completed) x budget
EV
Earned value { (% of completed work) x budget}
AC
Actual cost (money spent)
EVM
Earned Value Management
SV
Schedule variance ( EV - PV)
CV
Cost Variance (EV - AC)
SPI
Schedule performance index ( EV/PV )
CPI
Cost Performance index ( EV/AC )
Burn Rate
1 / CPI
EAC
Estimate at completion (difference between project budget and cost baseline)
TEC
Total estimated costs
OPCs
Other project costs
ETC
Estimate to complete ( how much money will be required to complete remaining balance of project work.)
TCPI
To-Complete Performance Index
WBS
work break-down structure
PMO
Project management office
PMI
Project Management Institute
SOW
Statement of Work
RFI
request for informaiton
RFP
Request for proposal
MOU
Memorandum of understanding
NDA
Nondisclosure agreement
SLA
Service level agreement
PO
Purchase order
NPV
Net present value
IRR
Internal rate of return
RACI
responsible, accountable, consulted, informed