Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
17 Cards in this Set
- Front
- Back
Estimate of the work actually accomplished
|
EV
Earned Value |
|
Estimate of the work planned to be done
|
PV
Planned Value |
|
Cost of the work performed
|
AC
Actual Cost |
|
Budget for the total project
|
BAC
Budget At Completion |
|
Current estimate for the total project
|
EAC
Estimate At Completion |
|
How much more to complete the job from now
|
ETC
Estimate to Complete |
|
How much over or under budget expected
|
VAC
Variance at completion |
|
Cost Variance
|
Cost Variance = Earned Value - Actual Cost
Negative = Bad |
|
Schedule Variance
|
Schedule Variance = Earned Value - Planned Value
Negative = Bad |
|
Cost Performance Index
|
Cost Performance Index =
Earned Value/Actual Cost (<1 = bad) |
|
Schedule Performance Index
|
Schedule Performance Index =
Earned Value/Planned Value (<1 = Bad) |
|
Estimate At Completion (Base)
|
Actual Cost + Estimate To complete
|
|
Estimate At Completion (Future performance based on budgeted rate)
|
Estimate at Completion = Actual Cost + (Budget At Completion - Earned Value)
|
|
Estimate At Completion (Future performance based on Past performance)
|
Estimate At Completion= Budget at Completion / Cumulative Cost Performance Index
|
|
Estimate At Completion (Project Schedule is a factor)
|
Estimate At Completion = (Budget At Completion - Earned Value) / (Cumulative Cost Performance Index * Cumulative Schedule Performance Index)
|
|
To Complete Performance Index (Based on Budget at Completion)
|
To Complete Performance Index = (Budget At competion/ Earned Value)/ (Budget At Completion - Actual Cost)
|
|
To Complete Performance Index (Based on Estimate At Completion)
|
To Complete Performace Index = (Budget at completion - Earned Value) / (Estimate At Completion - Actual Cost)
|