| What
is the baseline cost of the project? |
| |
BAC
= Budget at Completion: The planned cost for the entire project. |
| Where
should the project be today? |
| |
PV
= Planned Value: The planned cost for the planned work during a given
period. |
| How
much have we completed as of today? |
| |
EV
= Earned Value: The budgeted amount for the work actually completed. |
| How
much has it cost as of today? |
| |
AC
= Actual Cost: The total cost incurred to accomplish the work during
the period. |
| What
is the difference between where the project was planned to be and
where we are? |
| |
SV
= Schedule Variance = EV - PV |
| What
is the percentage of work completed compared to the work that was
planned (the schedule efficiency)? |
| |
SPI
= Schedule Performance Index = EV / PV |
| What
is the difference between the value of what we actually accomplished
and what was actually spent? |
| |
CV
= Cost Variance = EV - AC |
| What
is the cost of the work completed compared to what was actually spent
(the cost efficiency)? |
| |
CPI
= Cost Performance Index = EV / AC |
| What
is the range of projected costs of the project when complete? |
| |
Range of costs
|
=
=
|
Min
to Max
(BAC / CPI) to (BAC / (CPI x SPI))
|
| What
is the range of projected schedule durations of the project when complete? |
| |
Range of
schedule durations
|
=
=
|
Min
to Max
(PV duration / SPI) to (PV duration / (CPI x SPI)) |
