Project Management

Important Equations for the Final and Assignment Test

Mahesh Kodituwakku

EV = budget cost * % of work done

Scheduled Variance SV = EV - PV

If SV < 0 Project is behind the Scheduled

Cost Variance CV = EV - AC

If CV < 0 Cost over run

Account Variance AV = PV - AC

Difference between current budget and the actual expenditure

Performance Index

Scheduled Performance Index SPI = EV / PV

Cost Performance Index CPI = EV / AC

If SPI and CPI >1.0

Work head of scheduled and under budget

Study following details given below and find the EV,SV,CV,AV ,SPI and CPI of the project

Answer