FORMULA JOB AID

PERT

Where:

O + 4(ML) + P
6
P O
= SD =
6

t e=Time estimate

te =

O=Optimistic estimate
P=Pessimistic estimate
ML=Most likely estimate

O+ML+P
Three Point Estimates=
3
Communication Channels
2

n(n 1) n n
C=
=
2
2

=Standard deviation
SD=Standard deviation
Where:
C=Communication channels
n=Number of people

Activity Duration:

AD =

Mt
PV =
(1+ r )t

BCWP=budgeted cost of work performed=EV=earned value

BCWS=budgeted cost of work scheduled=PV=planned value
ACWP=actual cost of work performed=AC=actual cost
BAC=budget at completion
cost variance

CV = EV AC

schedule variance

SV = EV PV

cost performance index

CPI =

estimate to complete

ETC = EAC AC

to complete performance index

TCPI =

periods from now

r=Interest rate (discounted)

Net Present Value

NPV=Net Present Value

PV=Present Value

EAC: estimate at completion

1 Where the assumptions in original plan are wrong

EAC = AC + ETC
2 Where current state is anomolous to the norm

EAC = AC + BAC EV

Benefit to Cost Ratio

3 Where estimates are typical of what has been seen

Expected Monetary Value

EAC = AC +

EMV = Probability x Impact

ESI

BAC EV
BAC AC

PV=Present Value
Mt=Amount of payment t time

Net Present Value of Money

Benefit PVincome
=
PVcosts
Cost

EV
AC
EV
SPI =
PV

Where:

t=Time Periods
Where:

NPV =PVincome - PVcosts

Earned Value

schedule performance index

Work quantity
Production rate

Present Value of Money

FORMULA JOB AID

ESI

BAC EV BAC
=
CPI
CPI