|
Abbreviation |
What it stands for |
What it shows |
Formula |
|
BCWS |
Budgeted Cost of Work
Scheduled |
What should be spent on
a task up to the status date. |
N/A |
|
BCWP |
Budgeted Cost of Work
Performed |
The cost of work
completed on the task, according to the original budget. |
N/A |
|
ACWP |
Budgeted Cost of Work
Performed |
The sum of all costs for
work performed on a task to date. |
N/A |
|
CV |
Cost Variance |
The difference between
how much was budgeted for the task’s work (BCWP) and how much
the task actually cost (ACWP). |
ACWP
- BCWP
CV |
|
SV |
Schedule Variance |
The difference between
how much was budgeted for the task’s work (BCWP) and how much
the task actually cost (BCWS). |
BCWP
-BCWS
SV |
|
CPI |
Cost Performance Index
|
Ratio of budgeted cost
to actual cost. More than one means you’re under budget; less
than 1 means you’re under budget. |
BCWP
ACWP |
|
EAC |
Estimate at Completion
(also known as Forecast
at Completion) |
Project’s estimate of
how much the task will cost when it is done. |
ACWP+(BAC-BCWP)
CPI |
|
BAC |
Budgeted at Completion |
The budgeted amount that
the task will cost when it is done. |
Derived from Baseline Cost field |
|
VAC |
Variance at completion |
Difference between
actual and baseline costs at completion (BAC-EAC). |
BAC
- EAC
VAC |
|
SPI |
Schedule Performance
Index |
Ratio of budgeted
schedule to actual schedule. More than one means you’re ahead of
schedule; less than 1 means you’re behind schedule. |
BCWP
BCWS |
|
CV% |
Cost Variance Percent |
The difference between
budgeted task cost and actual cost to date. |
[(BCWP-ACWP)/BCWP] x 100 |
|
SV% |
Schedule Variance
Percent |
Percentage that you are
ahead of, or behind, schedule. |
[SV/BCWM] x 100
|
|
TCPI |
To Complete Performance
Index |
Ratio of work to be
completed to money still budgeted. |
(BAC-BCWP)
(BAC-ACWP) |
|
PPC |
Physical Percent
Complete |
A value you can enter
that will override % Complete. |
N/A |
