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    EVM Formulas For Exam PDF

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    wfelicesc
    This document provides a table summarizing key earned value management (EVM) formulas needed for an exam, including formulas for planned value, earned value, actual cost, cost variance, cost performance index, schedule variance, schedule performance index, estimate at completion, estimate to complete, variance at completion, and to-complete performance index.

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    EVM Formulas For Exam PDF

    Uploaded by

    wfelicesc
    443 views1 page
    This document provides a table summarizing key earned value management (EVM) formulas needed for an exam, including formulas for planned value, earned value, actual cost, cost variance, cost performance index, schedule variance, schedule performance index, estimate at completion, estimate to complete, variance at completion, and to-complete performance index.

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    EVM-Formulas-for-Exam.pdf

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    This document provides a table summarizing key earned value management (EVM) formulas needed for an exam, including formulas for planned value, earned value, actual cost, cost variance, cost performance index, schedule variance, schedule performance index, estimate at completion, estimate to complete, variance at completion, and to-complete performance index.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    443 views1 page

    EVM Formulas For Exam PDF

    Uploaded by

    wfelicesc
    This document provides a table summarizing key earned value management (EVM) formulas needed for an exam, including formulas for planned value, earned value, actual cost, cost variance, cost performance index, schedule variance, schedule performance index, estimate at completion, estimate to complete, variance at completion, and to-complete performance index.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Here is a table with just the formulas you will need to know for the exam:

    Term Description Formula


    Budget at Completion None, just the original
    Original budget of the project.
    (BAC) budget.
    Amount of money worth of work we that should PV= Planned %
    Planned Value (PV)
    have been done on the project. Complete x BAC

    Amount of money worth of work you actually did on EV= Actual %


    Earned Value (EV)
    the project. Complete x BAC
    None, just the amount
    Actual Cost (AC) Amount of money you already spent on the project already spent on the
    project.
    The difference between the work done and money
    Cost Variance (CV) spent. This value should be positive for under CV = EV - AC
    budget. Negative values indicate over budget

    The rate of how we are spending to actually earning


    Cost Performance
    on the project. This value should be 1 and over CPI = EV / AC
    Index (CPI)
    for projects under budget.
    The difference between the amount of work we
    should have done vs. the amount actually done.
    Schedule Variance
    This value should be positive for ahead of SV = EV - PV
    (SV)
    schedule. Negative values indicate behind
    schedule
    The rate of how we are meeting the project
    Schedule Performance
    schedule. This value should be 1 and over for a SPI = EV / PV
    Index (SPI)
    project to be ahead of the schedule.

    Estimate at Forecasting the total cost of the project at the end


    EAC = BAC / CPI
    Completion (EAC) based on the current spending rate of the project.

    Forecasting the amount that will be needed to


    Estimate to
    complete the current project based on the current ETC = EAC - AC
    Completion (ETC)
    performance.
    The difference between the original budget and
    Variance at new forecasted budget. This value should be
    VAC = BAC - EAC
    Completion (VAC) positive for projects that may end at or under
    budget
    To-Complete
    The performance that needs to be met to finish the TCPI = (BAC – EV) /
    Performance Index
    project within the budget. (BAC – AC)
    (TCPI)

    Earned Valued Memorization Chart

    Andrew Ramdayal – PMP Certification Exam Prep Course

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