This document provides important equations for calculating key project management metrics like earned value, schedule variance, cost variance, account variance, schedule performance index, and cost performance index. It defines each metric and how to calculate it using variables like earned value (EV), planned value (PV), and actual cost (AC). It also explains what a value less than 0 for schedule variance and cost variance indicates, and that a SPI and CPI greater than 1.0 means the project is ahead of schedule and under budget.

1. Project Management
Important Equations for the
Final and Assignment Test
Mahesh Kodituwakku

2. EV = budget cost * % of work done

3. Scheduled Variance
SV = EV - PV
If SV < 0
Project is behind the Scheduled

4. Cost Variance
CV = EV - AC
If CV < 0
Cost over run

5. Account Variance
AV = PV - AC
Difference between current budget and
the actual expenditure

6. Performance Index

7. Scheduled Performance Index
SPI = EV / PV

8. Cost Performance Index
CPI = EV / AC

9. If
SPI and CPI >1.0
Work head of scheduled and under
budget

10. Study following details given below and find the
EV,SV,CV,AV ,SPI and CPI of the project

11. Answer