Introductory Quiz on Earned Value
Budgeted Cost of Work Scheduled (BCWS)
Budgeted Cost of Work Performed (BCWP)
Actual Cost of Work Performed (ACWP)
1958
1963
1967
1968
2009
BAC / CPI - Used if no variances from the BAC have occurred
AC + ETC - Actual plus a new estimate for remaining work. Used when original estimate was fundamentally flawed
AC + BAC – EV - Actual to date plus remaining budget. Used when current variances are atypical.
AC + (BAC – EV) / CPI - Actual to date plus remaining budget modified by performance. When current variances are typical.
All of the above
EV/BV
EV/AC
EV/PV
AC/PV
AC/EV
PV/EV
AC/EV
EV/AC
EV/PV
WBS
SBW
Earned Value Manager
Testing
3
8
25
4
5
Control Access Plan
Control Account Plan
Cost Account Plan
Work Page
A specific scope of work
A approved budget
Allocated Resources
A time frame for performance
CAP
Project Management
Project Scope
Insurance
Overruns
Decide what method of project managment to use
Form the Project baseline
Allocate the resources
Define the project scope
Discuss your budgets
Plan and schedule the work