Project Management - T1
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Project Management - T1 - Details
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22 questions
| 🇬🇧 | 🇬🇧 |
| Describe Planned Value | The original estimated work planned that should have been completed as of today. |
| Describe Earned Value | The original estimated planned value of work actually accomplished |
| Describe Actual Cost | Actual cost incurred for the work completed, as of today. |
| Describe Budget at Completion | Planned budget for the total project |
| What is the interpretation for Cost Variance (CV)? | Negative is over budget |
| What is the interpretation for Schedule Variance (SV)? | Negative is behind schedule |
| What is the interpretation for Cost Performance Index (CPI)? | Work ($) per $1 spent |
| What is the interpretation for Schedule Performance Index (SPI)? | % of planned progression |
| What is the interpretation for Estimated Cost at Completion (EAC)? | How much does the project cost, today? |
| What is the interpretation for Estimated Cost to Complete (ETC)? | How much will the project cost? |
| What id the interpretation of Cost Variance at Completion (VAC)? | How much budget will be left at the end? |
| What is the interpretation for Percent complete index actual costs (PCIC)? | % complete in actuals |
| What is the interpretation for Percent complete index budgeted costs (PCIB)? | % complete of the total budget ($) to date |
| CV = ? | EV-AC |
| SV = ? | EV-PV |
| SPI = ? | EV/PV |
| EAC = ? | BAC/CPI |
| ETC = ? | EAC-AC |
| VAC = ? | BAC-EAC |
| PCIB = ? | EV/BAC |
| PCIC = ? | AC/EAC |
| CPI = ? | EV/AC |