Formulas EV, etc

Question 1

PV BCWS

Answer 1

authorized budget assigned to the work to be
accomplished for an activity

Question 2

EV or BCWP

Answer 2

% work performed * PV

Question 3

AC or ACWP

Answer 3

actual $ spent on work

Question 4

BAC

Answer 4

total budget for the project

Question 5

CV

Answer 5

= EV - AC
+ = under budget, - = overbudget

Question 6

SV

Answer 6

= EV - PV
+ = ahead schedule, - = behind schedule

Question 7

CPI

Answer 7

= EV/AC
greater than 1 means cost underrun of performance to date

Question 8

SPI

Answer 8

= EV/PV
greater than 1 means more work was completed than planned

Question 9

ETC

Answer 9

Estimated cost to completion
= (BAC-EV)/CPI if continues CPI
= BAC-EV if atypical

Question 10

EAC

Answer 10

estimated cost at completion
= ETC + AC
or BAC/CPI