Formulas

Question 1

BAC

Budget at Completion

Answer 1

Sum of all PV’s

PV+PV+PV

Planned Value = SV / SPI-1

Question 2

EV

Earned Value

Answer 2

% Complete * BAC

% Complete * Budget at Completion

Question 3

CV

Cost Variance

Answer 3

EV - AC

Earned Value - Actual Cost

Question 4

SV

Schedule Variance

Answer 4

EV - PV

Earned Value - Planned Value

Question 5

CPI

Cost Performance Index

Answer 5

EV / AC

Earned Value / Actual Cost

Question 6

SPI

Scheduled Performance Index

Answer 6

EV / PV

Earned Value / Planned Value

Question 7

EAC

Estimate At Completion

Answer 7

AC / % Complete

Actual Cost / % Complete

Question 8

EAC

Estimate at Completion

(If BAC is no longer viable)

Answer 8

BAC / CPI

Budget at Completion / Cost Performance Index

Question 9

ETC

Estimate to Completion

Answer 9

EAC - AC

Estimate at Completion - Actual Cost

Question 10

VAC

Variance at Completion

Answer 10

BAC - EAC

Budget at Completion - Estimation at Completion

Question 11

TCPI

To Complete performance Index

Answer 11

Remaining Work / Remaining Budget

BAC-EV / BAC-AC

OR

BAC-EV / EAC-AC

Question 12

AC

Actual Cost

Answer 12

CV / CPI -1

Cost Variance / Cost Performance Index - 1

Question 13

PV

Planned Value

Answer 13

SV / SPI - 1

Schedule Variance / Scheduled Performance Index - 1

Question 14

Qualitative Risk Score

Answer 14

Probablility * (I_scope+I_time+I_cost+I_quality)

Question 15

EMV

Expected Monetary Value

Answer 15

Impact * Probability

Question 16

Communication Channels

Answer 16

N (N-1) / 2

N = # of stakeholders including PM

Question 17

6 Sigma’s

Answer 17

1 = 68.26%

2 = 95.46%

3 = 99.73%

4 = 99.99%

Question 18

PV

Present Value

Answer 18

FV / (1 + r) ⁿ

Future Value / (1 + Rate of Interest)^{Number of Years}

Question 19

PERT

Weighted Average Estimate

Answer 19

(O+4M+P) / 6

(Optimistic + 4*Most Likely + Pessimistic) / 6

Question 20

SD

Standard Deviation (of Activity Sigma)

Answer 20

(P-O) / 6

(Pessimistic - Optimistic) / 6

Question 21

Variance of Activity

Answer 21

(SD)²

Standard Deviation Squared

Question 22

Float

Answer 22

LS - ES = LF - EF

Late Start - Early Start = Late Finish - Early Finish