Term
|
Definition
PV = FV/(1+i)t
FV = future value, I = interest rate, t = time |
|
|
Term
|
Definition
PERT = (P+4ML+O)/6
P = pessimistic, ML = Most likely, O = optimistic |
|
|
Term
|
Definition
1 Standard Deviation = |(P-O)/6|
P = pessimistic, O = optimistic |
|
|
Term
|
Definition
Variance = (SD)2
SD = Standard Deviation |
|
|
Term
|
Definition
CV = EV-AC
EV = earned value, AC = actual cost |
|
|
Term
| Cost Performance Index (CPI) |
|
Definition
CPI = EV/AC
EV = earned value, AC = actual cost |
|
|
Term
|
Definition
SV = EV-PV
EV = earned value, PV = planned value |
|
|
Term
| Schedule Performance Index (SPI) |
|
Definition
SPI = EV/PV
EV = earned value, PV = planned value |
|
|
Term
Estimate at Completion (EAC)
assume we will continue spending at the same rate |
|
Definition
EAC = BAC/CPI
BAC = budget at completion
CPI = cost performance index |
|
|
Term
Estimate at Completion (ETC)
assume we will continue spending at the same rate |
|
Definition
ETC = EAC-AC
EAC = estimate at completion
AC = actual cost |
|
|
Term
| Variance at Completion (VAC) |
|
Definition
VAC = BAC-EAC
BAC = budget at completion
EAC = estimate at completion |
|
|
Term
TCPI-using BAC
Total Cost Performance Index |
|
Definition
TCPI = (BAC-EV)/(BAC-AC)
BAC = budget at completion
EV = earned value
AC = actual cost |
|
|
Term
TCPI-using EAC
Total Cost Performance Index |
|
Definition
TCPI = (BAC-EV)/(EAC-AC)
BAC = budget at completion
EV = earned value
EAC = estimate at completion
AC = actual cost |
|
|
