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14 Cards in this Set
- Front
- Back
Cost Management Formulas |
BAC: Budget at Completion
PV: Planned Value
EV: Earned Value
AC: Actual Cost
CV: Cost Variance
SV: Schedule Variance
CPI: Cost Performance Index
CPIc : Cumulative CPI
SPI: Schedule Performance Idex
EAC: Estimate at Completion
ETC: Estimate to Completion
VAC: Variance at Completion
TCPIc : To-Complete CPI |
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Budgeted At Completion: BAC |
How much we originally expected this project to cost. |
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Planned Value: PV |
How much work was planned for this point in time. Expressed in $. |
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Earned Value: EV |
How much work was actually completed at this point in time. Expressed in $. |
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Actual Cost: AC |
Actual Cost: AC |
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Cost Variance: CV |
How much actual costs differ from planned costs. |
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Schedule Variance: SV |
Schedule Variance: SV |
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Cost Performance index: CPI |
Cost Performance index: CPI |
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Cumulative CPI: CPIc |
The rate at which the project performance is meeting cost expectations from the beginning up to a point in time. |
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Schedule Performance Index: SPI |
Schedule Performance Index: SPI |
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Estimate At Completion: EAC |
Estimate At Completion: EAC |
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Estimate To Completion: ETC |
Projecting how much more we will spend on the project, based on past performance. |
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Variance At Completion: VAC |
The difference between what was budgeted and what we expect to spend. |
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To-Complete Performance Index: TCPIc |
To-Complete Performance Index: TCPIc |