Budgeting Formulas Flashcards
BAC = ?
Total project budget
EV = ?
EV= BAC X APC
PV = ?
PV= BAC X PPC
VAC= ?
VAC= BAC - EAC
SPI = ?
EV
SPI = PV
Schedule Performance Index (SPI) is a measure of schedule efficiency on a project. It is the ratio of earned value (EV) to planned value (PV). The SPI = EV divided by PV.
SV = ?
SV= EV - PV
Schedule Variance (SV) Is a measure of schedule performance on a project. It is the difference between the earned value (EV) and the planned value (PV).
AC= ?
Total money spent to date.
CPI= ?
_ EV_
CPI= AC
TCPI= ?
(BAC-EV)
TCPI= (BAC-AC)
CV= ?
CV= EV - AC
ETC= ?
ETC= EAC - AC
EAC= ?
BAC
EAC= CPI
What does BAC stand for?
Budget at completion.
What does EV stand for?
Earned value.
What does PV stand for?
Planned value.
What does SPI stand for?
Schedule performance index.
What does SV stand for?
Schedule variance.
What does AC stand for?
Actual cost
What does CPI stand for?
Cost performance index.
What does TCPI stand for?
To complete performance index.
What does CV stand for?
Cost variance.
What does EAC stand for?
Estimate at completion.
What does ETC stand for?
Estimate to complete
What does VAC stand for?
Variance at completion.
A variance is ___________?
A variance is always subtraction.
An index is ___________?
An index is always division.
