LBYIE3F Quiz 1 Flashcards by Jacob Austin Chua | Brainscape

Q

BAC (Budgeted At Completion)

A

Add all the task values above the Gantt chart components

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Q

PV (Planned Value)

A

Add everything on the left side of the red line

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Q

AC (Actual Cost)

A

Add all actual cost values

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Q

EV (Earned Value)

A

ROP x PV; then add everything

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Q

SV (Schedule Variance)

A

EV - PV

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Q

SPI (Schedule Performance Index)

A

(EV / PV) x 100%

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Q

CV (Cost Variance)

A

EV - AC

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Q

CPI (Cost Performance Index)

A

(EV / AC) x 100%

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Q

TCPI (To-Complete Performance Index)

A

( (BAC - EV) / (BAC - AC) ) x 100%

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Q

EAC (Estimated Cost at Completion)

A

AC + ( (BAC-EV) / SPI )

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Q

VAC (Variance at Completion)

A

BAC - EAC

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Q

ETC (Estimated Time to Completion)

A

Total Project Duration / SPI

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Q

SPI Conditions:

A

SPI > 100%; Project is ahead of schedule

SPI < 100%; Project is behind schedule

SPI = 100%; Project is on schedule

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Q

CPI Conditions:

A

CPI > 100%; Project is under budget

CPI < 100%; Project is over budget

CPI = 100%; Planned cost = actual cost

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