EVM Flashcards
Formula for BAC
none. this is the budget
Formula for AC
none. this is the actual cost
Formula for planned value
planned % x BAC
Formula for Earned Value
actual % complete x BAC
Formula for CV
EV - AC
Formula for CPI
EV/AC
Formula for SV
EV - PV
Formula for SPI
EV/PV
Formula for EAC
BAC/CPI
Formula for ETC
EAC - AC
Formula for VAC
BAC - EAC
Formula for TCPI
(BAC - EV) / (BAC - AC)
Formula for PERT
(a + B(4) + c)/6
Formula for resources
n(n-1)/2
what is BAC
budget
what is AC
actual cost
what is planned value
the planned amount of work that should have been done
what is CPI
spend rate. It’s the percentage of cost that is over or under. 0.8 means you are 20% over budget
what is earned value
the amount of work that has atually been done
what is CV
amount of money under or over budget
what is SV
$X worth of work ahead or behind schedule (Ex. -16 means you are $16 worth of work behind schedule)
what is SPI
rate behind or ahead of schedule .8 means you are 20% behind schedule
what is EAC
if you keep going at your current rate this is the forecasted budget you would need
what is ETC
this is the forecasted amount of money needed (or left over) for the project
