Related Questions

• Schedule Performance Index (SPI) = Earned Value (EV) / Planned Value (PV)
• If future work will be accomplished at the planned rate, EAC =$200,000, AC=$100,000, Ev=$100,000, what is the value for BAC?
• What do control thresholds accomplish?
• Cost management plan can establish all of the following except:
• In the formula to calculate VAC, if VAC is $100,000 and EAC=$900,000 what is BAC?
• What tool and technique involves determining the original amount needed for contingency and management reserves as well as revisits those estimates throughout the project to see if they need to be revised up or down?
• If the Project CPI is 1, then the project is _____________.
• Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget. Many businesses employ cost management plans for specific projects, as well as for the over-all business model. When applying it to a project, expected costs are calculated while the project is still in the planning period and are approved beforehand. During the project, all expenses are recorded and monitored to make sure they stay in line with the cost management plan. After the project is finished, the predicted costs and actual costs can be compared and analyzed, helping future cost management predictions and budgets.
• Which of the following acronyms is used in calculating EAC?
• If VAC is Positive (+), then the project is over the planned spending.