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Flashcards in Monitoring And Controlling Deck (8)
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0

Change tracking and log

A spreadsheet that lists the baseline cost identified in the project plan dated and identifies any additions and changes which result from project execution.

1

Calculate CV and SV

Cost variance (CV) = earned value (EV) - actual cost (AC)
Scheduled variance (SV) = earned value (EV) - planned value (PV)

2

Calculate CPI and SPI

Cost performance index (CPI) = earned value (EV)/actual cost (AC)
Scheduling performance index (SPI) = earned value (EV)/planned value (PV)

3

When calculating CPI and SPI describe the meaning of the index values

CPI. SPI
>1. Under cost. Ahead of schedule
=1. On cost. On schedule
<1. Over cost. Behind schedule

4

Calculate ETC

Estimate to completion (ETC) = work remaining (BAC - EV)/CPI
ETC = EAC - AC

5

calculate EAC

Estimate at completion (EAC) = BAC/CPI
EAC = ETC + AC

6

What does BAC mean? What is the equeation?

Total budget of the baseline
BAC = original / planned budget at completion

7

Closing reports

Final report
Post mortem/ lessons learned
Outcomes management report