# PMP Certification Prep Flashcards

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

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.
 Author: alvincolon ID: 245978 Card Set: PMP Certification Prep Flashcards Updated: 2013-11-11 16:41:09 Tags: EARNED VALUE MANAGEMENT Folders: Description: Earn value management formulas and meanings. This section will describe the abbreviation, terminology, formula, and explanation. Show Answers: