EARNED VALUE -TERMINOLOGY

Abbreviatio Name Description

n
AC Actual Cost Total cost incurred in completing the work in an on-site date
BAC Budget At Budget for the entire project, when planning is started and the project is
Completion baselined
CPI Cost Performance A cost efficiency measure expressed at the ratio of earned value to actual cost
Index (CPI= EV/AC)
EAC Estimate At Expected total cost of completing all work of the project
Completion
ETC Estimate To Expected cost to finish remaining work of the project
Complete
EV Earned Value Planned or Budgeted amount for the work actually completed as on-status
date.
PV Planned Value Planned or budgeted cost of work, scheduled to be completed as on-status
date.
SPI Schedule A schedule efficiency measure expressed as the ration of earned value to
Performance planned value (SPI= EV/PV)
Index

MOSTAFA KHORSHIDI 1