PMP Certification Prep Flashcards

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Author:
alvincolon
ID:
245978
Filename:
PMP Certification Prep Flashcards
Updated:
2013-11-11 11:41:09
Tags:
EARNED VALUE MANAGEMENT
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Description:
Earn value management formulas and meanings. This section will describe the abbreviation, terminology, formula, and explanation.
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  1. CV - Terminology
    COST VARIANCE
  2. CV (COST VARIANCE) - Formula
  3. CV (COST VARIANCE) - Explanation
    NEGATIVE IS BAD, POSITIVE IS GOOD.
  4. SV - Terminology
    SCHEDULE VARIANCE
  5. SV (SCHEDULE VARIANCE) - Formula
  6. SV (SCHEDULE VARIANCE) - Explanation
    NEGATIVE IS BAD, POSITIVE IS GOOD
  7. CPI - Terminology
    COST PERFORMANCE INDEX
  8. CPI (COST PERFORMANCE INDEX) - Formula
  9. CPI (COST PERFORMANCE INDEX) - Explanation
    UNDER 1 IS BAD, OVER 1 IS GOOD
  10. SPI - Terminology
    SCHEDULE PERFORMANCE INDEX
  11. SPI (SCHEDULE PERFORMANCE INDEX) - Formula
  12. SPI (SCHEDULE PERFORMANCE INDEX) -Explanation
    UNDER 1 IS BAD, OVER 1 IS GOOD.
  13. EAC - Terminology
    ESTIMATE AT COMPLETION
  14. EAC (ESTIMATE AT COMPLETION) - Formula for variance atypical.
  15. EAC (ESTIMATE AT COMPLETION) - Explanation for variance atypical?
    AC PLUS WORK REMAINING, USE BUDGET RATE (VARIANCES ATYPICAL)
  16. EAC (ESTIMATE AT COMPLETION) - Formula for variance typical.
  17. EAC (ESTIMATE AT COMPLETION) - Explanation for variance typical.
    ASSUMES SAFE RATE OF SPENDING WILL CONTINUE (VARIANCE TYPICAL)
  18. EAC (ESTIMATE AT COMPLETION) - Formula
  19. EAC (ESTIMATE AT COMPLETION) - Explanation
    ASSUMES CURRENT COST AND SCHEDULE PERFORMANCE WILL CONTINUE.
  20. ETC - Terminology
    ESTIMATE TO COMPLETION
  21. ETC (ESTIMATE TO COMPLETION) - Formula
  22. ETC (ESTIMATE TO COMPLETION) - Explanation
    VALUE OF WORK REMAINING
  23. VAC - Terminology
    VARIANCE AT COMPLETION
  24. VAC (VARIANCE AT COMPLETION) - Formula
  25. VAC (VARIANCE AT COMPLETION) - Explanation
    NEGATIVE IS BAD, POSITIVE IS GOOD.
  26. TCPI - Terminology
    TO COMPLETE PERFORMANCE INDEX
  27. TCPI (TO COMPLETE PERFORMANCE INDEX) - Explanation. 
    There are 2 explanations for TCPI, what are they?
    • 1. OPTIONAL RATE TO COMPLETE WITHIN BUDGET.
    • 2. ASSUMES ORIGINAL BUDGET CANNOT BE ACHIEVED.
  28. TCPI (TO COMPLETE PERFORMANCE INDEX) -Formula for, Optional rate to complete within budget.
  29. TCPI (TO COMPLETE PERFORMANCE INDEX) - Formula for, Assumes original budget cannot be achieved.

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