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Term
Planned Value
Acronym
BAC
Term
Budget At Completion
EV
Earned Value
EAC
Estimate At Completion
AC
CV
SV
CPI
Actual Cost
Cost Variance
Scheduled Variance
Cost Performance Index
ETC
VAC
TCPI
SPI
Estimate To Complete
Variance At Completion
To Complete Performance Index
Schedule Performance Index
Acronym
Formula
Description
+ve implies Earned value > Actual cost, project is
under budget
-ve implies EV<AC ,project is over budget
+ve implies Earned value > Planned Value, project
is ahead of schedule
-ve implies EV<PV ,project is behind the schedule
Greater than 1 implies that project is under
budget
Greater than 1 implies that project is ahead of
schedule
Assuming future cost variance are expected to be
atypical. Here cum means cumulative
Assuming future cost variance will behave like
past i.e. Typical
CV
EV - AC
SV
EV - PV
CPI
EV / AC
SPI
EV / PV
ETC
BAC cum EV
ETC
EAC
AC + Bottom up ETC
EAC
EAC
AC + (BAC-EV)
EAC
BAC/CPI
VAC
BAC-EAC
TCPI
TCPI
PMP Formulae
Schedule Network Diagram
Acronym
Total Float or
Slack
Total Float or
Slack
Float
Formula
LS ES - Forward Pass
LF- EF - Backward Pass
0 or negative
Description
LS: Late Start
ES: Early Start
LF: Late Finish
EF: Early Finish
On Critical Path
Formula
PV
FV / (1+r)^n
FV
= PV * (1+r)^n
NPV
NPV
ROI
Payback Period
.
IRR
BCR
CBR
Opportunity
Cost
Expected Value
Description
PV = Present Value ; r = interest rate
FV = Future value ; n= number of years
PV = Present Value ; r = interest rate
FV = Future value ; n= number of years
Net Present Value
NPV= Total Inflow Total Outflow
Return On Investment
PMP Formulae
Communications
Acronym
Communication
Channels
Formula
n * (n-1) / 2
Description
N is the total number of team members
Formula
Probability * Impact
Probability * Impact * Time
Frame
Description
Expected Monetary Value
Risk Priority Number
Procurement
Acronym
PTA
Target price
Formula
[(Ceiling Price - Target Price) /
Buyer's Share Ratio] + Target Cost
CPIF
CPPC
CPAF
CPFF
Description
Formula
[Pessimistic + (4 * Most
Likely) + Optimistic] /6
Description
Expected Activity Duration in case of Beta
Distribution
PMP Formulae
EAD
PERT
Activity Variance
Variance all
activities
Range of Activity
Classes of Estimates
Estimate
Order of
Magnitude
Preliminary
Budget estimate
Definitive
estimate
Range
-25% to +75%
Description
Also known as ROM or Rough Order of
Magnitude. Done in Early stages of Planning
-15% to + 50%
-10% to +25%
-5% to +10%
Depreciation
Estimate
Depreciation
Expense
Depreciation Rate
Depreciation Rate
Depreciation
Expense
Book Value
Sum of digits
Depreciation Rate
Range
Asset Cost / Useful Life
100% / Useful Life
2 * (100% / Useful Life)
Depreciation Rate * Book
Value at Beginning of Year
Book Value at beginning of
year - Depreciation Expense
Useful Life + (Useful Life - 1)
+ + (Useful Life - n)
fraction of years left and
sum of the digits (i.e.
4/15th)
Description
Straight-line Depreciation
Straight-line Depreciation
Double Declining Balance Method
Double Declining Balance Method
Double Declining Balance Method
Sum-of-Years' Digits Method