EVM Formulae

Question 1

Budget at completion (BAC)

Answer 1

Original budget of the project
Formula:
-
(purna budget)

Question 2

Planned Value (PV)

Answer 2

Amount of money worth of work that should have been done on the project.
Formula:
PV = Planned % of completion X BAC
(Atta paryant kiti takke kaam vhayla pahije hota X Purna budget)

Question 3

Earned Value (EV)

Answer 3

Amount of money worth of work you actually did on the project.
Formula:
EV = Actual % of completion X BAC
(Atta paryant kiti takke kaam jhalay X Purna budget)

Question 4

Actual Cost (AC)

Answer 4

Amount of money you already spent on the project
Formula:
-
(Atta paryant kiti paise kharcha jhale)

Question 5

Cost Variance (CV)

Answer 5

The difference between the work done and money spent.
Formula:
CV = EV - AC
(+ve CV mhanje under budget… -ve CV mhanje over budget)

Question 6

Cost Performance Index (CPI)

Answer 6

The rate of how we are spending to actually earning on the project.
Formula:
CPI = EV / AC
(index > 1 mhanje under budget, index < 1 mhanje over budget)

Question 7

Schedule Variance (SV)

Answer 7

The difference between the amount of work we should have done vs. the amount actually done.
Formula:
SV = EV - PV
(+ve SV mhanje ahead of schedule, -ve mhanje behind schedule )

Question 8

Schedule performance Index (SPI)

Answer 8

The rate of how we are meeting the project schedule.
Formula:
SPI = EV / PV
(Index > 1 mhanje ahead of schedule, index < 1 mhanje behind schedule)

Question 9

Estimate at completion (EAC)

Answer 9

Forecasting the total cost of the project at the end based on the current spending rate of the project.
Formula:
EAC = BAC / CPI
(hyach rate ni kaam chalau rahila (CPI) tar end la kiti paise lagtil)

Question 10

Estimate to complete (ETC)

Answer 10

Forecasting the amount that will be needed to complete the current project based on the current performance
Formula:
ETC = EAC - AC
(hyach rate ni kaam chalu rahila tar ‘AJUN’ kiti paise lagtil)

Question 11

Variance at completion (VAC)

Answer 11

The difference between the original budget and new forecasted budget
Formula:
VAC = BAC - EAC
(total budget madhe farak kiti padla)
(+ve is good, mhanje plan kele jast paise pan vaparnar kami aahe)

Question 12

To-Complete performance index

Answer 12

The performance that needs to be met to finish the project within the budget.
Formula:
TCPI = (BAC - EV) / (BAC - AC)

(same initial budget madhe kaam sampvaycha asel tar aata kiti speed ni kaam kela pahije.. HE 1 PEKSHA KAMI ASLA PAHIJE.. ONLY INDEX / RATIO WHICH SHOULD BE BELOW 1)

Question 13

EXAM Tip

Answer 13

In CV, CPI, SV, SPI 1st term is always EV
if its Variance –> its difference i.e. subtraction
if its index –> its the ratio i.e. division

if its about ‘cost’ —> use actual value (AC)
if its about ‘schedule’ —> use planned value (PV)