Earned Value Flashcards

1
Q

What is EV - Earned Value?

A

BCWP - Budgeted Cost of Wok Performed

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2
Q

What is PV - Planned Value?

A

BCWS - Budgeted Cost of Work Scheduled

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3
Q

What is AC - Actual Cost?

A

ACWP - Actual cost of work performed

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4
Q

What is SPI and CPI?

A

Schedule Performance Index and Cost performance Index

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5
Q

What is SV and CV?

A

Schedule Variance and Cost Variance

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6
Q

What is the formula for SPI Schedule Performance Index?

A

EV Earned Value divided by PV Planned Value

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7
Q

What is the formula for CPI Cost Performance Index?

A

EV Earned Value divided by AC Actual Cost

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8
Q

What is the formula for SV Scheduled Variance?

A

EV Earned Value minus PV Planned Value

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9
Q

What is the formula for CV Cost Variance?

A

EV Earned Value minus AC Actual Cost

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