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Unformatted text preview: Formulas Performance Index (TCPI) BCWS (PV) How much should be done? This is the performance measurement baseline . BCWP (EV) How much work is done? (Progress) Budgeted cost of work performed. Value of the work completed in terms of what you budgeted (your baseline) ACWP (AC) How much did the “is done” work cost? BAC Budget at Completion – How much is budgeted for the total job? BAC would change every time there is a funded scope change approved for activity to be performed in the future. EAC Based on project performance and risk quantification ETC Estimate to Completion CPI Cumulative CPI does not change by more than 10% once a project is approximately 20% complete. The CPI provides a quick statistical forecast of final project costs. AD Work Quantity(scope of the activity) / Production rate Slope (crash cost – normal cost) / (crash time – normal time) ; if <0, as the time required for a project/task decrease, the cost increase...
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- Spring '15
- Project Management, Probability theory, 1980s music groups, Earned schedule