Some Earned Value Formulas - From PMP Resource (for your PMP exam preparation)

The following are extracted from "PMP Resources":

The PMP exam is big on terminology. These are the basic Earned Value Terms you need to know. If you are studying to pass the PMP exam you should know these by heart and be able to derive them in case you are heartbroken. They really are fairly simple. In order from first to last:

BAC = Budget at Completion (Project budget)

AC = Actual Cost of the Work Performed

EV = Earned Value

EV = Budgeted Cost of the Work Performed

EV = % complete times BAC

PV = Planned Value

PV = Budgeted Cost of the Work Scheduled

CV = Cost Variance

CV = EV – AC

CPI = Cost Performance Index

CPI = EV/AC

SV = Schedule Variance

SV = EV – PV

SPI = Schedule Performance Index

SPI = EV/PV

EAC = Estimate at Completion

EAC = BAC/CPI

ETC = Estimate to Complete

ETC = EAC – AC

VAC = Variance at Completion

VAC = BAC – EAC

Note that the acronyms are slightly different from what was used a few years ago and is still widely used by old timers. PMI simplified the terms by dropping a letter here and there. The fundamentals are the same though.

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