COSTING

FORMULA
1 PV Planned Value
2 EV Earned Value
3 AC Actual Cost
4 BAC Budget @ Completion
5 EAC Estimate @ Completion BAC/CUMULATIVE CPI
6 ETC Estimate to Completion EAC-AC
7 VAC Variance @ Completion BAC-EAC
8 CV Cost Variance EV-AC
9 SV Schedule Variance EV-PV
10 CPI Cost Performance Index EV/AC
11 SPI Schedule Performance index EV/PV
12 TCPI To Complete Performance index (BAC-EV)/(BAC-AC)
DESCRIPTION
WHAT PLANNED TO WORK AS OF TODAY
WHAT ACHIEVED AS OF TODAY
WHAT SPEND AS OF TODAY
WHAT BUDGETED FOR THE PROJECT
WHAT CURRENTLY EXPECT FOR THE TOTAL PROJECT
WHAT MORE REQUIRED ADDITIONALLY
WHAT VARIATION FROM THE BUDGET
negative is Over budget and positive is under budget
Negative is behind schedule and positive is ahead of schedule
worth of work for every 1 $ spent
what percentage of progress from the planned