PMP - Formulas

Home

Get App

Take Quiz

Create

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

227897

Card Set

PMP - Formulas

Description

Earned Value Management Formulas

Updated

2013-07-29T21:47:19Z