Project Health.doc
- 1. Name Formula What is says BAC Budget at Complete aka Total PV No formula – it is the project budget How much money you have budgeted Total PV is aka PMB “Performance Measurement Baseline” PV Planned Value PV = BAC * (Planned % Complete) What your schedule says you should have spent so far AC Actual Costs What you have actually spent on the project How much you have actually spent so far EV Earned Value EV = BAC * (Actual % Complete) How much of the project’s value you have really earned so far Variances from the Baseline CV Cost Variance CV = EV – AC How much above or below your budget you are + good - bad SV Schedule Variance SV = EV - PV How much ahead or behind schedule you are + good - bad Efficiency Indicators CPI Cost Performance Index CPI = EV AC Whether you are within your budget or not > 1 good | < 1 bad We are getting $__ worth of work out of every $1 spent SPI Schedule Performance Index SPI = EV PV Whether your are behind or ahead of schedule or not > 1 good | < 1 bad We are progressing at%__ of the rate originally planned To-complete Performance Index TCPI To Complete Performance Index TCPI = BAC – EV BAC – AC How well your project must perform to stay on budget. < 1 good | > 1 bad (just the opposite of CPI and SPI) EAC Estimate at Completion EAC = BAC CPI How much your project will costs when it is actually complete ETC Estimate to Complete ETC = EAC - AC How much more money you will probably spend on your project VAC Variance at Completion VAC = BAC - EAC Predicts what your variance will be when the project is done in $