# PMP - Formulas

Home > Preview

The flashcards below were created by user CADreaming on FreezingBlue Flashcards.

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

### Card Set Information

 Author: CADreaming ID: 227897 Filename: PMP - Formulas Updated: 2013-07-29 21:47:19 Tags: Earned Value Management Formulas Folders: Description: Earned Value Management Formulas Show Answers:

What would you like to do?

Home > Flashcards > Print Preview