ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025

ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025 BAC Budget at completion - No formula—it's the project budget - How much money you'll spend on the project PV Planned value - BAC * Planned % complete - What your schedule says you should have spent (planned) EV Earned value - BAC * Actual % complete - How much of the project's value you've really earned AV Actual cost - What you've actually spent on the project - How much you've actually spent so far SPI Schedule performance index - EV / PV - Whether you're behind or ahead of schedule (>1 ahead) SV Schedule variance - EV-PV - How much behind or ahead of schedule you are (money) CPI Cost performance index - EV-AC - Whether you're within your budget or not (>1 within) CV Cost variance - EV-AC - How much above or below your budget you are EAC Estimate at completion - BAC/CPI - What your project will actually cost when it's complete. ETC Estimate to complete - EAC-AC - How much more money you'll probably spend on your project.