Project Management Formulas Flashcards by Rachel Lawson | Brainscape

Q

Formula for CV (Cost Variance)

A

EV - AC

EV: Earned Value
AC: Actual Cost

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Q

Formula for SV (Schedule Variance)

A

EV - PV

EV: Earned Value
PV: Planned Value

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Q

Formula for CPI

A

EV / AC

EV: Earned Value
AC: Actual Cost

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Q

Formula for SPI

A

EV / PV

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Q

Formula for EAC (Estimate at Completion)

A

BAC / CPI

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Q

Formula for ETC (Estimate to Completion)

A

EAC - AC

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Q

Formula for EV (Earned Value)

A

BAC x percent complete

BAC: Budget at Completion

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Q

What does EV mean?

A

budgeted cost of work accomplished

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Q

What does PV mean?

A

budgeted cost of work planned/scheduled

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Q

What does AC mean?

A

Actual cost of work accomplished

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Q

What does BAC mean?

A

original baseline budget

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Q

What does ETC mean?

A

Estimate to completion

How much to complete remaining work

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Q

What does EAC mean?

A

Estimate at completion

estimated cost at the completion of the project

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Q

formula for EAC if future variances will NOT be similar

A

(AC + BAC - EV)

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