PMP - Formulas

Card Set Information

Author:
CADreaming
ID:
227897
Filename:
PMP - Formulas
Updated:
2013-07-29 17:47:19
Tags:
Earned Value Management Formulas
Folders:

Description:
Earned Value Management Formulas
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user CADreaming on FreezingBlue Flashcards. What would you like to do?


  1. Cost Variance (CV)
    • EV-AC
    • (Earned Value) - (Actual Cost)
    • Negative= over budget
    • Positive = Under budget

    Difference between  Budget Cost & Actual Cost
  2. Schedule Variance (SV)



    • EV-PV
    • (Earned Value)- (Plan Value)
    • Negative= Behind Schedule
    • Positive = Ahead of Schedule

    Difference between Planned Schedule & actual Schedule
  3. Cost Performance Index (CPI)
    • Earned Value / Actual Costs
    • EV / AC
    • <1 - Under budget
    • >1 - Over budget

    Measures Cost Efficiency 
  4. Schedule Performance Index (SPI)
    • Earned Value / Plan Value
    • (EV / PV)
    • <1 - Ahead of Schedule
    • >1 - Behind Schedule

    Measures the work accomplishment efficiency
  5. Estimate at Completion (EAC)
    • Typical Variances:  BAC / CPI
    • Atypical VAriances:  AC+ (BAC-EV)
  6. Earned Value (EV)
    • Budgeted value of work completed to be done at a given time
    • (#units * cost per unit)
  7. Planned Value (PV)
    Budgeted value of work planned to be done at a given time
  8. Actual Cost (AC)
    Actual cost of work completed
  9. Budget at Completion (BAC)
    The original cost baseline
  10. Estimate to Complete (ETC)
    Value of work remaining

    EAC-AC
  11. Variance at Completion (VAC)
    BAC-EAC

    • <1:  over budget
    • >1:  under budget
  12. To Complete Performance Index (TCPI)
    • Optimal Rate to Complete within budget
    • (BAC-EV) / (BAC-AC)

    • Assumes original bedget cannot be achieved
    • (BAC-EV) / (EAC - AC)
  13. Point of Total Assumption (PTA)
    • Used for FPIF Contracts - the point at which the seller loses $ on the contract
    • (Ceiling Price - Target Price) / buyers Share Ratio + Target Cost
  14. Future Value (FV)
    P*(1+i)n
  15. Present Value
    FV / (1+i)n
  16. Expected Activity Duration
    • Beta / Pert:
    • (Optimistic + 4*(Most likely) + Pessimistic) / 6

    • Triangular:
    • (Optimistic + Most Likely + Pessimistic) / 3
  17. Expected Monetary Value (EMV)
    Probability * Impact

What would you like to do?

Home > Flashcards > Print Preview