Formulas (Yellow Cards)

Question 1

Actual Cost AC

Answer 1

Actual cost of work performed to date

Question 2

Budget at Completion BAC

Answer 2

Planned total expenditure at the end of the project

Question 3

Earned Value Management EVM

Answer 3

A methodology that combines scope schedule, and resource measurements to assess project performance and progress

Question 4

Earned Value EV

Answer 4

Budgeted cost of work performed to date

Question 5

Planned Value PV

Answer 5

Budgeted cost of work scheduled to have been performed to date

Question 6

Cost Variance CV

Answer 6

EV - AC Negative is “bad”.

Question 7

Schedule Variance SV

Answer 7

EV - PV Negative is “bad”.

Question 8

Cost Performance Index CPI

Answer 8

EV / AC = Project is accomplishing $(CPI) of work for every $1 spent. CPI < 1.0 is “bad”.

Question 9

Schedule Performance Index SPI

Answer 9

EV / PV = Project is progressing at (SPI x 100)% of the planned rate. SPI < 1.0 is “bad”.

Question 10

Estimate at Completion EAC1

Answer 10

AC + (BAC - EV) = As of now, how much will the project cost, if future work is performed as had been planned?

Question 11

Estimate at Completion EAC2

Answer 11

AC + (BAC - EV) / CPI = As of now, how much will the project cost, if future work is performed as work has been completed to date?

Question 12

Estimate at Completion EAC3

Answer 12

AC + (BAC - EV) / (CPI x SPI) = As of now, how much will the project cost, if future work is performed as to date and completion is by the original planned date?

Question 13

Estimate to Complete ETC

Answer 13

EAC - AC = How much more will the project cost?

Question 14

Variance at Completion VAC

Answer 14

BAC - EAC = How much over or under budget will the project be at completion?

Question 15

To-Complete Performance Index TCPI1

Answer 15

(BAC - EV) / (BAC - AC) = Cost performance needed from now to completion to meet the original budget goal. Note that TCPI > 1.0 is “bad”.

Question 16

To-Complete Performance Index TCPI2

Answer 16

(BAC - EV) / (EAC - AC) = Cost performance needed from now to completion, if the original BAC is revised to be the current EAC for the remainder of the project.

Question 17

Future Value FV

Answer 17

Present Value x ( 1 + Annual Interest Rate )^Years

Question 18

Net Present Value NPV

Answer 18

Present Value of Benefits - Present Value of Costs → Basis for Comparing Strategically-Equivalent Alternatives

Question 19

Expected Monetary Value EMV

Answer 19

Σ Probability of Event x Net Present Value of Event

Question 20

Number of communication channels

Answer 20

N(N-1)/2