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Study these items > EVM > Flashcards

EVM Flashcards

1
Q

Formula for BAC

A

none. this is the budget

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2
Q

Formula for AC

A

none. this is the actual cost

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3
Q

Formula for planned value

A

planned % x BAC

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4
Q

Formula for Earned Value

A

actual % complete x BAC

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5
Q

Formula for CV

A

EV - AC

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6
Q

Formula for CPI

A

EV/AC

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7
Q

Formula for SV

A

EV - PV

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8
Q

Formula for SPI

A

EV/PV

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9
Q

Formula for EAC

A

BAC/CPI

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10
Q

Formula for ETC

A

EAC - AC

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11
Q

Formula for VAC

A

BAC - EAC

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12
Q

Formula for TCPI

A

(BAC - EV) / (BAC - AC)

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13
Q

Formula for PERT

A

(a + B(4) + c)/6

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14
Q

Formula for resources

A

n(n-1)/2

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15
Q

what is BAC

A

budget

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16
Q

what is AC

A

actual cost

17
Q

what is planned value

A

the planned amount of work that should have been done

18
Q

what is CPI

A

spend rate. It’s the percentage of cost that is over or under. 0.8 means you are 20% over budget

19
Q

what is earned value

A

the amount of work that has atually been done

20
Q

what is CV

A

amount of money under or over budget

21
Q

what is SV

A

$X worth of work ahead or behind schedule (Ex. -16 means you are $16 worth of work behind schedule)

22
Q

what is SPI

A

rate behind or ahead of schedule .8 means you are 20% behind schedule

23
Q

what is EAC

A

if you keep going at your current rate this is the forecasted budget you would need

24
Q

what is ETC

A

this is the forecasted amount of money needed (or left over) for the project

25
Q

what is VAC

A

budget - forecast. this shows your variable cost

26
Q

TCPI

A

total CPI (how hard you need to work to finish on budget and on time) 1.2 means you need to work 120% or 20% harder than you are currently working to finishin on budget and on time

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