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Project Management · PMP

PMP: Earned Value Management Formulas

Earned value management formulas (CPI, SPI, EAC, CV, SV) as cloze cards with each variable defined.

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Cost Variance (CV) is calculated as ____
EV - AC
Schedule Variance (SV) is calculated as ____
EV - PV
Cost Performance Index (CPI) is calculated as ____
EV / AC
Schedule Performance Index (SPI) is calculated as ____
EV / PV
Variance at Completion (VAC) is calculated as ____
BAC - EAC
Estimate at Completion when costs have been atypical is ____
AC + (BAC - EV)
Estimate at Completion when current cost efficiency continues is ____
AC + ((BAC - EV) / CPI)
Estimate at Completion using simplified CPI projection is ____
BAC / CPI
Estimate to Complete (ETC) is calculated as ____
EAC - AC
To Complete Performance Index (TCPI) based on BAC is ____
(BAC - EV) / (BAC - AC)
To Complete Performance Index (TCPI) based on EAC is ____
(EAC - EV) / (EAC - AC)
What does AC stand for in earned value management?
Actual Cost
What does EV stand for in earned value management?
Earned Value
What does PV stand for in earned value management?
Planned Value
What does BAC stand for in earned value management?
Budget at Completion

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