PMP Prep Formulas Flashcards
0
Q
PV - Planned Value
A
Def:
% of schedule (progress) that has passed x BAC
e.g. 25% of schedule passed x $250,000 = PV value of $62,500
1
Q
BAC - Budget at Completion
A
Def:
Project Budget; the sum of all budgets established for the work to be performed.
2
Q
EV - Earned Value
A
Def:
% of physical work completed x BAC
e.g. 40% work complete x $250,000 = EV value of $100,000
3
Q
AC - Actual Cost
A
Def:
money spent as of status date
4
Q
CV - Cost Variance
A
Def: amount of budget deficit or surplus at any given point in time CV = EV-AC "lesser is loser" positive number - under planned cost neutral number - on planned cost negative number - over planned cost
5
Q
SV - Schedule Variance
A
Def:
