Cost Variance

Question 0

Cost Performance Index (CPI)?

Answer 0

CPI= EV/AC

Question 1

Cost Variance (CV)?

Answer 1

CV= EV-AC

Question 2

Schedule Variance (SV)?

Answer 2

SV= EV-PV

Question 3

Schedule Performance Index (SPI)?

Answer 3

SPI= EV/PV

Question 4

Estimate To Completion (ETC)

Answer 4

ETC= EAC-AC

Question 5

Earned Value (EV)

Answer 5

Value if the work completed to date

Question 6

Present Value (PV)

Answer 6

Today’s value of future cash flow

Question 7

EAC?

Answer 7

Budget forecast that takes project variance into account

Question 8

Estimate At Completion- ETC

Answer 8

Estimate To Completion

Question 9

Planned value

Answer 9

Budget assigned to scheduled work

Question 10

PERT

Answer 10

Est duration= (optimistic +4most likely+ pessimistic)/6

Question 11

Channels of communication

Answer 11

n=number of people nx(n-1)/2
n=10
10x(10-1)/2=45

Question 13

Variance Allowance

Answer 13

Measures project variance against scope baseline

Question 14

AC

Answer 14

Actual cost what u have spent to date

Question 21

Standard Deviation

Answer 21

Pessimistic(18) - Optimistic (6)
Over 6 P-O/6 as fraction
18-6/6= 2