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What value is calculated before doing the work and serves as the baseline? It is calculated with the following formula:
(Schedule Completed / Total Schedule) * Budget
Planned Value, this is the budgeted cost assigned to schedule work. It is the value that should have been earned as per the planned tasks that should have been completed according to the schedule.
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What value is a measure of the work performed in terms of the budget authorized for that work? It is calculated with the following formula:
Budget * Actual Percent Complete?
Earned value. This is the value of the work actually completed to date.
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What value indicates if the project is ahead or behind schedule? it is calculated with the following formula:
Earned Value - Planned Value
Schedule Variance: This indicates if the project is ahead or behind schedule in monetary terms.
- - If the schedule variance is positive, you are ahead of schedule.
- - If the schedule variance is negative, you are behind schedule. - If the scheduled variance is 0, you are on schedule.
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What value indicates if the project is over or under budget, in monetary terms? it is calculated with the following formula:
Earned Value - Actual Cost
Cost variance: This indicates if a project is over or under budget in monetary terms.
- - If the cost variance is positive, you are under budget.
- - If the cost variance is negative, you are over budget.
- - If the cost variance is zero, you are on budget.
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Which value is used to tell if a project is ahead or behind schedule? It is presented as a percentage, and can be compared to other ratios, regardless of the size or amounts. It is calculated with the following formula:
Earned Value / Planned Value
Schedule Performance Index, This value can provide a comparable percentage to let the project manager know. How far off schedule a project is. It is presented as a percentage or a decimal number and can be compared to other ratios.
- - Values less than one or 100% show that the project is behind schedule.
- - Values greater than one or 100% show that the project is ahead of schedule.
How far that value is from one or 100% tells the project manager, how far ahead or behind schedule the project is.
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Which value is used to tell if a project is above or below budget? It is presented as a percentage or a decimal, and can be compared to other ratios, regardless of the size or amounts. It is calculated with the following formula:
Earned Value / Actual Cost
Cost Performance Index: This value can provide a comparable percentage to let the project manager know how far off budget a project is. It is presented as a percentage or a decimal number and can be compared to other ratios.
- - Values less than one or 100% show that the project is over budget.
- - Values greater than one or 100%show that the project is under budget.
How far that value is from one or 100% tells the project manager, how far above or below budget the project is.
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