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Cost Management (Earned value management (EVM) (Planned value ( PV)…
Cost Management
Earned value management (EVM)
Planned value ( PV)
BAC—Budget at completion X Planned % complete
Earned value ( EV)
BAC—Budget at completion X Actual % complete
Schedule performance index (SPI)
SPI = EV / PV
Schedule variance (SV)
SV = EV - PV
actual cost (AC)
Cost performance index (CPI)
CPI = EV / AC
Cost variance (CV)
CV = EV - AC
To-complete performance index (TCPI)
TCPI = (BAC -EV) / (BAC - AC)
estimate at completion (EAC)
EAC = BAC / CPI
estimate to complete (ETC)
ETC = EAC - AC
variance at completion (VAC)
VAC = BAC - EAC
Estimate Cost
Tool & Technique
Expert judgment
Parametric estimating
Analogous estimating
Three-point estimates
Bottom-up estimating
Data analysis
Reserve analysis
Cost of quality
Vendor bid analysis
Output
Basis of estimates
Updates to project documents
Cost estimates for all of the activities
Plan Cost Management
Determine Budget
Control Cost