The flashcards below were created by user
alvincolon
on FreezingBlue Flashcards.
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CV - Terminology
COST VARIANCE
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CV (COST VARIANCE) - Formula
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CV (COST VARIANCE) - Explanation
NEGATIVE IS BAD, POSITIVE IS GOOD.
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SV - Terminology
SCHEDULE VARIANCE
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SV (SCHEDULE VARIANCE) - Formula
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SV (SCHEDULE VARIANCE) - Explanation
NEGATIVE IS BAD, POSITIVE IS GOOD
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CPI - Terminology
COST PERFORMANCE INDEX
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CPI (COST PERFORMANCE INDEX) - Formula
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CPI (COST PERFORMANCE INDEX) - Explanation
UNDER 1 IS BAD, OVER 1 IS GOOD
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SPI - Terminology
SCHEDULE PERFORMANCE INDEX
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SPI (SCHEDULE PERFORMANCE INDEX) - Formula
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SPI (SCHEDULE PERFORMANCE INDEX) -Explanation
UNDER 1 IS BAD, OVER 1 IS GOOD.
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EAC - Terminology
ESTIMATE AT COMPLETION
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EAC (ESTIMATE AT COMPLETION) - Formula for variance atypical.
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EAC (ESTIMATE AT COMPLETION) - Explanation for variance atypical?
AC PLUS WORK REMAINING, USE BUDGET RATE (VARIANCES ATYPICAL)
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EAC (ESTIMATE AT COMPLETION) - Formula for variance typical.
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EAC (ESTIMATE AT COMPLETION) - Explanation for variance typical.
ASSUMES SAFE RATE OF SPENDING WILL CONTINUE (VARIANCE TYPICAL)
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EAC (ESTIMATE AT COMPLETION) - Formula
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EAC (ESTIMATE AT COMPLETION) - Explanation
ASSUMES CURRENT COST AND SCHEDULE PERFORMANCE WILL CONTINUE.
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ETC - Terminology
ESTIMATE TO COMPLETION
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ETC (ESTIMATE TO COMPLETION) - Formula
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ETC (ESTIMATE TO COMPLETION) - Explanation
VALUE OF WORK REMAINING
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VAC - Terminology
VARIANCE AT COMPLETION
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VAC (VARIANCE AT COMPLETION) - Formula
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VAC (VARIANCE AT COMPLETION) - Explanation
NEGATIVE IS BAD, POSITIVE IS GOOD.
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TCPI - Terminology
TO COMPLETE PERFORMANCE INDEX
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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.
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TCPI (TO COMPLETE PERFORMANCE INDEX) -Formula for, Optional rate to complete within budget.
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TCPI (TO COMPLETE PERFORMANCE INDEX) - Formula for, Assumes original budget cannot be achieved.
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