Formulas TM
reference sheet.
Variable Abbreviation Formula
Three point estimate for activity PERT (Program Evaluation P + 4M + O P = pessimistic, M = most likely, O = optimistic
TIME/COST – Estimating
Estimating early in Planning Budgetary / Top Down / -10% to +25% from actual
Analogous
Estimating late in Planning Definitive / Bottom-up -5% to +10% or +/-10% from actual
performed
Estimate To Complete ETC (for atypical variance) Assumes future work to be ETC = BAC – EV
performed as budgeted
COST – Forecasting
ETC (for typical variance) Assumes past performance to ETC = (BAC – EV) / CPI
continue throughout
Estimate At Completion EAC Use when original est. is flawed AC + Bottom-up ETC
EAC (for typical variance) Assumes past performance to EAC = AC + (BAC – EV) / CPI
continue throughout or EAC = BAC / CPI
Variance At Completion VAC Forecast of variance VAC = BAC – EAC
To-Complete Performance Index TCPI Cost performance necessary to TCPI = (BAC – EV) / (BAC – AC)
achieve BAC or EAC goal or TCPI = (BAC – EV) / (EAC – AC)
Work remaining divided by funds
remaining
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