PMP Certification Prep Flashcards

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  1. CV - Terminology
    COST VARIANCE
  2. CV (COST VARIANCE) - Formula
    Image Upload 1
  3. CV (COST VARIANCE) - Explanation
    NEGATIVE IS BAD, POSITIVE IS GOOD.
  4. SV - Terminology
    SCHEDULE VARIANCE
  5. SV (SCHEDULE VARIANCE) - Formula
    Image Upload 2
  6. SV (SCHEDULE VARIANCE) - Explanation
    NEGATIVE IS BAD, POSITIVE IS GOOD
  7. CPI - Terminology
    COST PERFORMANCE INDEX
  8. CPI (COST PERFORMANCE INDEX) - Formula
    Image Upload 3
  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
    Image Upload 4
  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.
    Image Upload 5
  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.
    Image Upload 6
  17. EAC (ESTIMATE AT COMPLETION) - Explanation for variance typical.
    ASSUMES SAFE RATE OF SPENDING WILL CONTINUE (VARIANCE TYPICAL)
  18. EAC (ESTIMATE AT COMPLETION) - Formula
    Image Upload 7
  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
    Image Upload 8
  22. ETC (ESTIMATE TO COMPLETION) - Explanation
    VALUE OF WORK REMAINING
  23. VAC - Terminology
    VARIANCE AT COMPLETION
  24. VAC (VARIANCE AT COMPLETION) - Formula
    Image Upload 9
  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.
    Image Upload 10
  29. TCPI (TO COMPLETE PERFORMANCE INDEX) - Formula for, Assumes original budget cannot be achieved.
    Image Upload 11
Author
ID
245978
Card Set
PMP Certification Prep Flashcards
Description
Earn value management formulas and meanings. This section will describe the abbreviation, terminology, formula, and explanation.
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