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PMP - Formulas
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Cost Variance (CV)
EV-AC
(Earned Value) - (Actual Cost)
Negative= over budget
Positive = Under budget
Difference between Budget Cost & Actual Cost
Schedule Variance (SV)
EV-PV
(Earned Value)- (Plan Value)
Negative= Behind Schedule
Positive = Ahead of Schedule
Difference between Planned Schedule & actual Schedule
Cost Performance Index (CPI)
Earned Value / Actual Costs
EV / AC
<1 - Under budget
>1 - Over budget
Measures Cost Efficiency
Schedule Performance Index (SPI)
Earned Value / Plan Value
(EV / PV)
<1 - Ahead of Schedule
>1 - Behind Schedule
Measures the work accomplishment efficiency
Estimate at Completion (EAC)
Typical Variances
: BAC / CPI
Atypical VAriances
: AC+ (BAC-EV)
Earned Value (EV)
Budgeted value of work completed to be done at a given time
(#units * cost per unit)
Planned Value (PV)
Budgeted value of work planned to be done at a given time
Actual Cost (AC)
Actual cost of work completed
Budget at Completion (BAC)
The original cost baseline
Estimate to Complete (ETC)
Value of work remaining
EAC-AC
Variance at Completion (VAC)
BAC-EAC
<1
: over budget
>1
: under budget
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)
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
Future Value (FV)
P*(1+i)
^{n}
Present Value
FV / (1+i)
^{n}
Expected Activity Duration
Beta / Pert:
(Optimistic + 4*(Most likely) + Pessimistic) / 6
Triangular:
(Optimistic + Most Likely + Pessimistic) / 3
Expected Monetary Value (EMV)
Probability * Impact
Author:
CADreaming
ID:
227897
Card Set:
PMP - Formulas
Updated:
2013-07-29 21:47:19
Tags:
Earned Value Management Formulas
Folders:
Description:
Earned Value Management Formulas
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