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P+ Formulas

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verickle's version from 2017-03-24 04:10

Acronyms

Question Answer
EVMEarned Value Management
PVPlanned Value
EVEarned Value
ACActual Cost
BCWSBudgeted Cost of Work Scheduled
BCWPBudgeted Cost of Work Performed
BACBudget at Completion
SVSchedule Variance
CVCost Variance
SPISchedule Performance Index
CPICost Performance Index
TCPITo-Complete Performance Index
EACEstimate at Completion
ETCEstimate to Complete
VACVariance at Completion
NCCNumber of Communication
NPVNet Present Value
IRRInternal Rate of Return
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Definitions

Question Answer
EVMEarned Value Management
PVThe approved budget for the work scheduled to be completed by a specified date; also referred to as the budgeted cost of work scheduled (BCWS).
EVThe approved budget for the work actually completed by the specified date; also referred to as the budgeted cost of work performed (BCWP).
ACThe costs actually incurred for the work completed by the specified date.
BACThe sum of all budget values that have been previously established for the work to be performed on a project.
SVThe difference between the amounts budgeted for the work you actually did and for the work you planned to do. Shows whether and by how much your work is ahead of or behind your approved schedule.
CVThe difference between the amount budgeted and the amount actually spent for the work performed. Shows whether and by how much you’re under or over your approved budget.
SPIThe ratio of the approved budget for the work performed to the approved budget for the work planned. Reflects the relative amount the project is ahead of or behind schedule.
CPIThe ratio of the approved budget for work performed to what you actually spent for the work. Reflects the relative value of work done compared to the amount paid for it.
TCPIForecasts the likelihood that a project will achieve its goals given what's happening in the project right now.
EACA prediction of what the total cost of the project will be given current performance factors.
ETCPredicts how much more money the project will need to reach the end of the project.
VACHow far is the project likely to be upside-down?
NCCHow many lines of communication are needed?
NPVThe difference between the present value of cash inflows and the present value of cash outflows.
IRRThe interest rate (or discount rate) at which the net present value for the project is zero.
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Formulas

Question Answer
PERT(pessimistic +(4 * most likely) + optimistic) / 6
SVEV - PV
CVEV - AC
CPIEV / AC
SPIEV / PV
TCPI(BAC - EV) / (BAC - AC)
EACBAC / CPI
NCCn (n - 1) / 2
NPVcash inflows - initial investment
ETCEAC - AC
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