EARNED VALUE FORMULAS & OTHERS Flashcards
PV = FV / (1 + R) ^n
=FUTURE VALUE / (1 + INTEREST RATE)^ # OF PERIODS
PRESENT VALUE
CV = EV - AC
=EARNED VALUE - ACTUAL COST
COST VARIANCE
CPI = EV / AC
=EARNED VALUE / ACTUAL COST
COST PERFORMANCE INDEX
SV = EV - PV
=EARNED VALUE - PRESENT VALUE
SCHEDULE VARIANCE
SPI = EV / PV
=EARNED VALUE / PRESENT VALUE
SCHEDULE PERFORMANCE INDEX
EV = (COMPLETION % )(PV)
= (COMPLETION %)(PRESENT VALUE)
EARNED VALUE (A)
EV = (CPI)(AC)
= (COST PERFORMANCE INDEX)(ACTUAL COST)
EARNED VALUE (B)
EAC = ETC + AC
=ESTIMATE TO COMPLETION + ACTUAL COST
ESTIMATE AT COMPLETION (A)
EAC = EV / CPI
= EARNED VALUE / COST PERFORMANCE INDEX
ESTIMATE AT COMPLETION (B)
EAC = AC + BOTTOM UP ETC
=ACTUAL COST + BOTTOM UP ESTIMATE TO COMPLETION
ESTIMATE AT COMPLETION (C)
EAC = BAC / CPI
= BUDGET AT COMPLETION / COST PERFORMANCE INDEX
ESTIMATE AT COMPLETION (D)
EAC = AC +(BAC - EV)
= ACTUAL COST + (BUDGET AT COMPLETION - EARNED VALUE)
ESTIMATE AT COMPLETION (E)
EAC = AC + [(BAC - EV) / (CPI*SPI)]
= ACTUAL COST + [(BUDGET AT COMPLETION - EARNED VALUE) / (COST PERFORMANCE INDEX * SCHEDULE PERFORMANCE INDEX)]
ESTIMATE AT COMPLETION (F)
TCPI = (BAC - EV) / (BAC-AC)
= (BUDGET AT COMPLETION - EARNED VALUE) / (BUDGET AT COMPLETION - ACTUAL COST)
= REMAINING WORK / REMAINING FUNDS
TO COMPLETE PERFORMANCE INDEX
ETC = EAC - AC
= ESTIMATE AT COMPLETION - ACTUAL COST
ESTIMATE TO COMPLETION (A)
ETC = (BAC - EV) / CPI
= (BUDGET AT COMPLETION - EARNED VALUE) / COST PERFORMANCE INDEX
ESTIMATE TO COMPLETION (B)
VAC = BAC - EAC
= BUDGET AT COMPLETION - ESTIMATE AT COMPLETION
VARIANCE AT COMPLETION
FLOAT CAN BE CALUCATED WITH WHICH 2 FORMULAS ?
LATE START - EARLY START LS - ES OR LATE FINISH - EARLY FINISH LF - EF
THE SUM OF THE COSTS THAT HAVE ALREADY BEEN EXPENDED
SUNK COST
EMV = (%)(-X)
ESTIMATED MONETARY VALUE
EMV IS CALCULATED AS THE PROBABLE TIMES OF IMPACT.
EXAMPLE: 50% CHANCE OF RAIN AT A COST OF $10,000
EMV OF (50%)(-10,000) = $5,000
