Cost

Question 0

What is EAC estimate at completion?

Answer 0

How much will the new project cost? What is the new cost baseline?

Question 1

EAC formula?

Answer 1

1. Assumes performance will be at original BAC budgeted rate

EAC = AC + BAC - EV

2. Assumes performance up to this point in the project will continue following CPI

EAC = BAC / CPI

3. Accepts negative cost performance up to this point but insist project hit a firm completion date

EAC = AC + (BAC - EV)/(CPI x SPI)

Question 2

What is ETC estimate to complete?

Answer 2

How much money is needed to complete the remaining work?

Question 3

What is SPI?

Answer 3

How well is project using time?

EV/PV

>1 = ahead of sched
<1 = behind sched

Question 4

What is CPI?

Answer 4

EV/AC

>1 = under budget
<1 = over budget