Formulas Formulas

TM TM TM TM
ETC = BAC EV Assumes future work to be
performed as budgeted
ETC (for atypical variance) Estimate To Complete
Formula Description Abbreviation Variable
ETC = (BAC EV) / CPI
or ETC = EAC AC
Assumes past performance to
continue throughout
ETC (for typical variance)
TCPI = (BAC EV) / (BAC AC)
BASED ON BAC
or TCPI = (BAC EV) / (EAC AC)
BASED ON NEW EAC
Cost performance necessary to
achieve BAC or new EAC goal
Work remaining divided by funds
remaining
TCPI To-Complete Performance Index
VAC = BAC EAC Forecast of variance VAC Variance At Completion
EAC = AC + ETC =AC +(BAC EV) / CPI
or EAC = BAC / CPI
Assumes past performance to
continue throughout
EAC (for typical variance)
EAC = AC + BAC EV Assumes future work to be
performed as budgeted
EAC (for atypical variance)
EAC = AC + Bottom-up ETC Use when original est. is flawed EAC Estimate At Completion
PROJECT COST BASELINE Budget assigned for planned work BAC Budget At Completion
SPI = EV / PV Measure of schedule efficiency SPI Schedule Performance Index
SV = EV PV Measure of schedule performance SV Schedule Variance
CPI = EV / AC Measure of cost efficiency CPI Cost Performance Index
CV = EV AC Measure of cost performance CV Cost Variance
Budget assigned for work
performed (to date)
PV Planned Value
(PV of completed work) Value of work performed (to date) EV Earned Value
Actual cost incurred for work
performed (to date)
AC Actual Cost
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The ultimate PMP

reference sheet.
20092013 Q'vive, LLC Eric van der Meulen, PMP All rights reserved www.qvive.biz info@qvive.biz "PMBOK" and "PMP" are registered marks of Project Management Institute, Inc.
Probability Impact [$] EMV Expected Monetary Value
90 % Project Manager Communication
n(n-1) / 2 n = # of stakeholders Communication channels
EMV cost Net Benefit Net Benefit
Formula Abbreviation Variable
1 = 68.26 % 3 = 99.73 %
2 = 95.46 % 6 = 99.99985 %
1 standard deviation =
1 SD = 1 sigma = 1
Normal Distribution
-25% to +75% from actual Rough Order of Magnitude Estimating in Initiating
-10% to +25% from actual Budgetary / Top Down /
Analogous
Estimating early in Planning
-5% to +10% or +/-10% from actual Definitive / Bottom-up Estimating late in Planning
For triangular distribution or simple average: (P + M + O) / 3
For beta distribution, PERT or weighted average: (P + 4M + O) / 6
P = pessimistic, M = most
likely, O = optimistic
Three point estimate for activity
duration or cost
(PERT
1
+ PERT
2
+ PERT
3
+ ) + (# of sigmas SD
project
) critical path activities only: Project Duration
Var
1
+ Var
2
+ Var
3
+ SD
project
(or
project
) Standard Deviation of Project
For beta distribution: ((P O) / 6)
2
Var
activity
(or
2
activity
) Variance of activity (or cost)
For beta distribution: (P O) / 6 SD
activity
(or
activity
) StandardDeviationof activity (or cost)
PFS0713.10
Developed and published by:
Eric van der Meulen, PMP
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