Project Management Budget and Performance Metrics

Front

Budget at Completion (BAC)

Back

Original budget of the project.

Front

Planned Value (PV)

Back

Amount of money worth of work that should have been done on the project. PV = Planned % Complete x BAC

Front

Earned Value (EV)

Back

Amount of money worth of work actually done on the project. EV = Actual % Complete x BAC

Front

Actual Cost (AC)

Back

Amount of money already spent on the project.

Front

Cost Variance (CV)

Back

The difference between the work done and money spent. CV = EV - AC. Positive for under budget, negative for over budget.

Front

Cost Performance Index (CPI)

Back

The rate of spending to earning on the project. CPI = EV / AC. Should be 1 or over for projects under budget.

Front

Schedule Variance (SV)

Back

The difference between the amount of work planned and actually done. SV = EV - PV. Positive for ahead of schedule, negative for behind schedule.

Front

Schedule Performance Index (SPI)

Back

The rate of meeting the project schedule. SPI = EV / PV. Should be 1 or over for ahead of schedule.

Front

Estimate at Completion (EAC)

Back

Forecasting the total cost of the project at the end based on current spending rate. EAC = BAC / CPI.

Front

Estimate to Completion (ETC)

Back

Forecasting the amount needed to complete the project based on current performance. ETC = EAC - AC.