IMPORTANT Flashcards
1
Q
What is the cost performance index (CPI)?
A
A measure of the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost.
CPI less than 1 = cost overrun
CPI greater than 1 = cost under run
CPI= EV/AC
2
Q
What is cost variance?
A
CV= EV-AC
3
Q
What is schedule variance?
A
SV=EV-PV
4
Q
What is variance completion?
on?
A
VAC= BAC-EAC
