equations and terms

https://www.youtube.com/watch?v=5Ct0PVLWN0A

represents the target cost and schedule

planned value PV

represents the actual schedule

earned value EV

represents the actual cost

Actual Cost AC

equals the project’s cost baseline

BAC budget at completion

planned % of work schedule x total budgeted cost of the work

PV

(actual percentage of work completed) X (total budgeted cost of the work)

EV earned value

EV - PV = ?

schedule variance (SV)

EV - AC = ?

cost variance (CV)

EV / PV = ?

schedule performance index (SPI)

EV / AC = ?

cost performance index (CPI)

Actual Cost (AC) + Estimate to Complete (ETC) = ?

EAC Estimate at Completion

what does VAC mean?

variance at completion

BAC - EAC=

VAC

what does EAC mean?

estimate at completion

what does BAC mean

budget at completion

What is the sum of a three-point estimate for the following values? O = 20, M = 24, and P = 25?

• what is the formula ? no letters, just how do you solve this ?

• it is the ? of O , M, and P

23 , average