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CAPM Cohort 1 > Reverse Formulas and Calculations > Flashcards

Flashcards in Reverse Formulas and Calculations Deck (15)
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1
Q

Cost of Project or Investment / Annual Cash Inflows

A

Project Payback Period

2
Q

Predicts likelihood of reaching EAC

Formula: (BAC-EV)/(EAC-AC)

Greater than 1 – harder to complete and meet EAC
Less than 1 – easier to complete and meet EAC

A

TCPI (Utilizing EAC)

3
Q

Predicts likelihood of reaching BAC

Formula: (BAC-EV)/(BAC-AC)

Greater than 1 – harder to complete and meet BAC
Less than 1 – easier to complete and meet BAC

A

TCPI (Utilizing BAC)

4
Q

Predict how much more the remainder of the project will cost

Formula: EAC-AC

A

Estimate to Complete

5
Q

Project of being over or under budget based on current performance

Formula: BAC-EAC

(Positive = under budget, Negative = over budget)

A

Variance at Completion (VAC)

6
Q

Shows overall schedule adherence

Formula: EV/PV

(Greater than 1 = ahead of schedule, Less than 1 = behind schedule)

A

Schedule Performance Index (SPI)

7
Q

N(N-1)/2 N=Number of Stakeholders

A

Communication Channel

8
Q

What the project should be worth

A

Planned Value (PV)

9
Q

The difference between the earned value (EV) and planned value (PV)

Formula: EV-PV

(Positive = ahead of schedule, Negative = behind schedule)

A

Schedule Variance (SV)

10
Q

What the project is worth

Formula: % Complete x BAC

A

Earned Value (EV)

11
Q

Forecasts final project costs based on current performance

Standard Formula: BAC/CPI

Future Work at Planned Cost Formula: AC + BAC - EV

Initial Costs Estimate Flawed: AC + Estimate for remainer of project

CPI and SPI affect reamainder of project formula: AC + [BAC-EV/CPIxSPI)]

A

Estimate at Completion (EAC)

12
Q

What the project budget is

A

Budget at Completion (BAC)

13
Q

The different between the earned value (EV) and the actual value (AV) cost

Formula: EV-AC

(Positive = under budget, Negative = over budget)

A

Cost Variance (CV)

14
Q

What the project has spent so far

A

Actual Cost (AC)

15
Q

Shows overall cost efficiency on the project

Formula: EV/AC

(Greater than 1 = under budget, Less than 1 = over budget)

A

Cost Performance Index (CPI)