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    Project Management Definitions and Formulae

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    James Curry
    This document defines key project management terms and formulas including PV, EV, AC, SV, CV, SPI, CPI, BAC, EAC, ETC, FAC, VAC and provides formulas for calculating te, variance, Z, and cost slope to help candidates on an examination.

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    Project Management Definitions and Formulae

    Uploaded by

    James Curry
    7 views2 pages
    This document defines key project management terms and formulas including PV, EV, AC, SV, CV, SPI, CPI, BAC, EAC, ETC, FAC, VAC and provides formulas for calculating te, variance, Z, and cost slope to help candidates on an examination.

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    Project MGMT

    Original Title

    Equations

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    This document defines key project management terms and formulas including PV, EV, AC, SV, CV, SPI, CPI, BAC, EAC, ETC, FAC, VAC and provides formulas for calculating te, variance, Z, and cost slope to help candidates on an examination.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    7 views2 pages

    Project Management Definitions and Formulae

    Uploaded by

    James Curry
    This document defines key project management terms and formulas including PV, EV, AC, SV, CV, SPI, CPI, BAC, EAC, ETC, FAC, VAC and provides formulas for calculating te, variance, Z, and cost slope to help candidates on an examination.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    48260 Project Management Definitions and Formulae

    Candidates may find the following definitions and formulae


    useful in attempting the examination questions

     PV (BCWS) – Budgeted Cost of Work Scheduled


     EV (BCWP) – Budgeted Cost of Work Performed
     AC (ACWP) – Actual Cost of Work Performed
     SV – Schedule Variance = EV-PV or BCWP-BCWS
     CV – Cost Variance = EV-AC or BCWP-ACWP
     SPI – Schedule Performance Index =EV or BCWP
    PV BCWS
     CPI – Cost Performance Index = EV or BCWP
    AC ACWP
     BAC – Budget Baseline Cost at Completion
     EAC – Estimated costs at completion includes
    costs to date plus revised costs for work remaining
     ETC – Estimated Cost to Complete
    = Work remaining
    CPI

    = (BAC-EV)
    EV/AC

     FAC – Forecast Total Costs at Completion


    = AC+ETC
     VAC – Variance at Completion
    = BAC-FAC or BAC-EAC

     te = a+4m+b
    6
     Variance = δ ² = [(b – a)/6]²

     Z = (Ts-Te)/sq. rt. of the sum of the variances on the critical


    path

     Cost Slope=Cc-Cn
    Tn-Tc

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