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 = (PO)/6 P = pessimistic, O = optimistic 


Term

Definition
Variance = (SD)2 SD = Standard Deviation 


Term

Definition
CV = EVAC EV = earned value, AC = actual cost 


Term
Cost Performance Index (CPI) 

Definition
CPI = EV/AC EV = earned value, AC = actual cost 


Term

Definition
SV = EVPV 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 = EACAC EAC = estimate at completion AC = actual cost 


Term
Variance at Completion (VAC) 

Definition
VAC = BACEAC BAC = budget at completion EAC = estimate at completion 


Term
TCPIusing BAC
Total Cost Performance Index 

Definition
TCPI = (BACEV)/(BACAC) BAC = budget at completion EV = earned value AC = actual cost 


Term
TCPIusing EAC
Total Cost Performance Index 

Definition
TCPI = (BACEV)/(EACAC) BAC = budget at completion EV = earned value EAC = estimate at completion AC = actual cost 

