Match the definition for the following;
1) Schedule Variance (SV)
2) Cost Variance (CV)
3) Schedule Performance Index (SPI)
4) Cost Performance Index (CPI)
5) Estimate to Complete (ETC)
6) Estimate at Completion (EAC)
7) Variance at Completion (VAC)
8) Earned Value
9) Budget at Completion (BAC)
10) To Complete Performance Index (TCPI)
______ The efficiency with which the Project Manager must use the remaining project resources to achieve the project goal(s).
______ How far the team is ahead or behind the schedule of work activities.
______ How efficiency are the resources both physical and human, being used in the performance of work activities.
______ A forecast of the cost of the work activities and the resources required for it, at the project end.
______ How far the team is over or under budget, or indeed on budget.
______ How much more budget is required to complete the remaining work required.
______How efficiently the team is performing relative to the planned work at that time.
______ An estimate of how much the project will cost at completion, given the current circumstances which may have caused the original forecast to be modified. Based on project performance to date, this provides a projection for the cost of the remaining work.
______ A picture in time of the value of the work progress; an understanding of the work actually completed at the time of measurement, expressed in terms of approved budget assigned to the tasks or activities.
______ How far the project will be over, on, or under budget, when the project completes and by how much.