Earned Value Management(EVM) Planned Value (PV) , Actual Cost (AC) , Earned value (EV) , Budget At Completion(BAC) Earned

Value (EV) Cost Variance (CV) Schedule Variance (SV) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate At Completion (EAC) Estimate to Complete (ETC) Variance At Completion (VAC) = % complete * BAC = EV AC = EV - PV = EV / AC = = = = EV / PV (>0 good) ( >0 good) (>1 good) (>1 good)

AC / % comp., BAC / CPI EAC AC BAC - EAC

PERT = (O+4M+P) / 6 ; (O=Optimistic; M= Most likely; P=Pessimistic) Standard Deviation of Activity (SD) = (P-O) / 6 Normal Distribution 1 Sigma = 68.26%; 99.999% 2 Sigma = 95.46%; 3 Sigma = 99.73%; 6 Sigma =

Present Value =

FV (1+r)n

FV = Future value; r= Rate of interest; n=Number of time periods

Communication Channels =

N (N-1) 2

EMV (Expected Monetary Value) = Impact * Probability