Budgeting Formulas

Question 1

BAC = ?

Answer 1

Total project budget

Question 2

EV = ?

Answer 2

EV= BAC X APC

Question 3

PV = ?

Answer 3

PV= BAC X PPC

Question 4

VAC= ?

Answer 4

VAC= BAC - EAC

Question 5

SPI = ?

Answer 5

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.

Question 6

SV = ?

Answer 6

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).

Question 7

AC= ?

Answer 7

Total money spent to date.

Question 8

CPI= ?

Answer 8

_ EV_

CPI= AC

Question 9

TCPI= ?

Answer 9

(BAC-EV)

TCPI= (BAC-AC)

Question 10

CV= ?

Answer 10

CV= EV - AC

Question 11

ETC= ?

Answer 11

ETC= EAC - AC

Question 12

EAC= ?

Answer 12

BAC

EAC= CPI

Question 13

What does BAC stand for?

Answer 13

Budget at completion.

Question 14

What does EV stand for?

Answer 14

Earned value.

Question 15

What does PV stand for?

Answer 15

Planned value.

Question 16

What does SPI stand for?

Answer 16

Schedule performance index.

Question 17

What does SV stand for?

Answer 17

Schedule variance.

Question 18

What does AC stand for?

Answer 18

Actual cost

Question 19

What does CPI stand for?

Answer 19

Cost performance index.

Question 20

What does TCPI stand for?

Answer 20

To complete performance index.

Question 21

What does CV stand for?

Answer 21

Cost variance.

Question 22

What does EAC stand for?

Answer 22

Estimate at completion.

Question 23

What does ETC stand for?

Answer 23

Estimate to complete

Question 24

What does VAC stand for?

Answer 24

Variance at completion.

Question 25

A variance is ___________?

Answer 25

A variance is always subtraction.

Question 26

An index is ___________?

Answer 26

An index is always division.