Earned Value Flashcards
1
Q
What is EV - Earned Value?
A
BCWP - Budgeted Cost of Wok Performed
2
Q
What is PV - Planned Value?
A
BCWS - Budgeted Cost of Work Scheduled
3
Q
What is AC - Actual Cost?
A
ACWP - Actual cost of work performed
4
Q
What is SPI and CPI?
A
Schedule Performance Index and Cost performance Index
5
Q
What is SV and CV?
A
Schedule Variance and Cost Variance
6
Q
What is the formula for SPI Schedule Performance Index?
A
EV Earned Value divided by PV Planned Value
7
Q
What is the formula for CPI Cost Performance Index?
A
EV Earned Value divided by AC Actual Cost
8
Q
What is the formula for SV Scheduled Variance?
A
EV Earned Value minus PV Planned Value
9
Q
What is the formula for CV Cost Variance?
A
EV Earned Value minus AC Actual Cost