EVM

Question 1

BAC

Answer 1

Original budget of the project

Question 2

PV

Answer 2

PV = Planned % Complete x BAC

Planned Value

Amount of money worth of work that should have been done on the project
What did you PLAN

Question 3

EV

Answer 3

EV = Actual % Complete x BAC

Earned Value

Amount of money worth of work you actually did on the project
What have you EARNED

Question 4

AC

Answer 4

Actual Cost

Actual Cost

Amount of money you already spent on the project

Question 5

CV

Answer 5

CV = EV - AC

Cost Variance

What’s EARNED - Current COST

Question 6

CPI

Answer 6

CPI = EV / AC

Cost Performance Index

EARNED [ACTUAL% * BAC] / ACTUAL

Question 7

SV

Answer 7

SV = EV - PV

Schedule Variance

SCHEDULE = EARNED - PLANNED

Question 8

SPI

Answer 8

SPI = EV / PV

Schedule Performance Index

SCHEDULE = EARNED / PLANNED

Question 9

EAC

Answer 9

EAC = BAC / CPI

Estimate At Completion

FINAL COST EST. = BUDGET / RATE OF SPENDING (CPI)

Question 10

ETC

Answer 10

ETC = EAC - AC

Estimate To Completion

COST REMAINING = FINAL EST. - CURRENT EST.

Question 11

VAC

Answer 11

VAC = BAC - EAC

Variance At Completion

Question 12

TCPI

Answer 12

TCPI = (BAC - EV) /
(BAC - AC)

To-Complete Performance Index [Total CPI]

Question 13

What is the non-EVM equation:

PERT

Beta

Not EVM

Answer 13

PERT = (O + 4 * R + P) / 6

Optimistic

Question 14

What is the non-EVM equation:

PERT

Standard Deviation

Not EVM

Answer 14

PERT = (Pessimistic - Optimistic) / 6

Question 15

What is the non-EVM equation:

PERT

Triangular Distribution

Not EVM

Answer 15

PERT = (O + R + P)/3

Question 16

What is the non-EVM equation:

Cycle Time

[Agile]

Answer 16

Cycle time = (work in progress) / (througput)

Question 17

What is the non-EVM equation:

Communication Channels

[Agile]

Answer 17

N(N-1)/2