• Accounting Variance = Planned Value – Actual Cost.
• Accounting Variance-Labour Units = Planned Value Labour Units – Actual Units. • Activity % Complete = [If the selected activity’s percent complete type is Duration]
(Planned Duration – Remaining Duration) / Planned Duration. [If the activity’s percent complete type is Units] (Actual Labour Units + Actual Nonlabor Units) / (Actual Labour Units + Actual Nonlabor Units + Remaining Labour Units + Remaining Nonlabor Units).
• Actual Cost (Assignments) = Actual Regular Cost + Actual Overtime Cost.
• Actual Cost (EPS) = Actual Labour Costs + Actual Nonlabor Costs + Actual Material Costs + Actual Expense Costs.
• Actual Cost (Expenses) = Actual Units X Price/Unit.
• Actual Labour Cost = [If no resources are assigned] Actual Labour Units X Project Default Price / Time. • Actual Nonlabor Cost = [For activities, If no resources are assigned] Activity Actual Nonlabor Units X Project Default Price / Time. • Actual Overtime Cost = Actual Overtime Units X Cost per Time X Overtime Factor. • Actual Regular Cost = Actual Regular Units X Cost per Time. • Actual This Period Cost = [If period performance is stored] Actual Cost – the sum of the stored Actual This Period Cost fields for all previous periods. [If the period performance is not stored] Actual This Period Cost is the same as Actual Cost.
• Actual This Period Labour Cost = [If period performance is stored] Actual Labour Cost – the sum of the stored Actual This Period Labour Cost fields for all previous periods. [If the period performance is not stored] Actual This Period Labour Cost is the same as Actual Labour Cost.
• Actual This Period Labour Units = [If period performance is stored] Actual Labour Units – the sum of the stored Actual This Period Labour Units fields for all previous periods. [If the period performance is not stored] Actual This Period Labour Units is the same as Actual Labour Units. • Actual This Period Material Cost = [If period performance is stored] Actual Material Cost – the sum of the stored Actual This Period Material Cost fields for all previous periods. [If the period performance is not stored] Actual This Period Material Cost is the same as Actual Material Cost. • Actual This Period Nonlabor Cost = [If period performance is stored] Actual Nonlabor
Cost – the sum of the stored Actual This Period Nonlabor Cost fields for all previous periods. [If the period performance is not stored] Actual This Period Nonlabor Cost is the same as Actual Nonlabor Cost.
• Actual This Period Nonlabor Units = [If period performance is stored] Actual Nonlabor Units – the sum of the stored Actual This Period Nonlabor Units fields for all previous periods. [If the period performance is not stored] Actual This Period Nonlabor Units is the same as Actual Nonlabor Units.
• Actual This Period Units = [If period performance is stored] Actual Units – the sum of the stored Actual This Period Units fields for all previous periods. [If the period performance is not stored] Actual This Period Units is the same as Actual Units.
• Actual Total Cost (Activities) = Actual Labour Cost + Actual Nonlabor Cost + Actual Material Cost + Actual Expense Cost.
• Actual Total Cost (EPS) = Actual Labour Costs + Actual Nonlabor Costs + Actual Material Costs + Actual Expense Costs. • Actual Units (Assignments) = Actual Regular Units + Actual Overtime Units. • At Completion Cost = Actual Costs + Remaining Costs. • At Completion Expense Cost = Actual Expense Cost + Remaining Expense Cost. • At Completion Labour Cost = Actual Labour Cost + Remaining Labour Cost. • At Completion Labour Units = Actual Labour Units + Remaining Labour Units. • At Completion Material Cost = Actual Material Cost + Remaining Material Cost. • At Completion Nonlabor Cost = Actual Nonlabor Cost + Remaining Nonlabor Cost. • At Completion Nonlabor Units = Actual Nonlabor Units + Remaining Nonlabor Units. • At Completion Total Cost = Actual Total Cost + ETC (estimate-to-complete) cost. • At Completion Units = Actual Units + Remaining Units. • BL Duration = Actual Duration + Remaining Duration. • BL Project Duration = Actual Duration + Remaining Duration.
• BL Project Total Cost = BL Project Labour Cost + BL Project Nonlabor Cost + BL Project Material Cost + BL Project Expense Cost.
• BL1 Duration = Actual Duration + Remaining Duration.
• BL1 Labour Units = Baseline Actual Labour Units + Baseline Remaining Labour Units.
• Budget At Completion = Planned Labour Cost + Planned Nonlabor Cost + Planned Expense Cost + Planned Material Cost.
• Cost % Complete = Actual Total Cost / At Completion Total Cost X 100. • Cost % of Planned = Actual Total Cost / Baseline Total Cost X 100. • Cost Performance Index = Earned Value Cost / Actual Cost. • Cost Performance Index-Labour Units = Earned Value Labour Units / Actual Labour Units. • Cost Variance = Earned Value – Actual Cost. • Cost Variance-Labour Units = Earned Value Labour Units – Actual Labour Units. • Cost Variance Index = Cost Variance / Earned Value.
• Cost Variance Index-Labour Units = Cost Variance Labour Units / Earned Value Labour Units. • Current Budget = Original Budget + the sum of the approved budget changes from the budget log. • Current Variance = Current Budget – Total Spending Plan. • Days Pending = the Current Date – the Assigned Date of the oldest currently assigned human task for the currently logged in user. • Duration % Complete = Planned Duration – Remaining Duration / Planned Duration X 100. • Duration % of Planned = Actual Duration / Baseline Duration X 100.
• Duration Percent = (Planned Duration – Remaining Duration) / Planned Duration X 100.
• Earned Value Cost = Budget At Completion X Performance Percent Complete.
• Earned Value Labour Units = [Activity Level] BL Project Labour Units or BL1 Labour Units X Performance % Complete, depending on project settings. [WBS Level] BL Project Labour Units X Performance % Complete.
• Estimate At Completion-Labour Units = Actual Labour Units + Estimate to Complete Labour Units.
• Estimate At Completion Cost = Actual Cost + Estimate to Complete Cost.
• Estimate To Complete = Remaining Total Cost for the activity or the Performance Factor X (Budget At Completion – Earned Value), depending on the Earned Value technique selected for the activity’s WBS.
• Estimate To Complete Labour Units = either the Remaining Total Units for the activity or as Performance Factor X (BL Labour Units – Earned Value) depending on the earned-value technique selected for the activity’s WBS.
• Expense Cost % Complete = Actual Expense Cost / At Completion Expense Cost X 100. Always in the range 0 to 100.
• Exposure = probability midpoint X cost midpoint.
• External Early Start = [If the relationship type is Start to Finish or Finish to Finish] Relationship Early Finish Date – Remaining Duration of the successor.
• External Late Finish = [If the relationship type is Start to Start or Start to Finish] Relationship Late Start + Remaining Duration of the predecessor.
• Forecast at Completion: Cost (Earned Value Performance) = Budget at Completion X Cost Variance Index (CVI).
• Forecast at Completion: Cost (Schedule Performance) = Budget at Completion – Estimate at Completion.
• Forecast at Completion: Labour Units (Earned Value Performance) = Baseline (BL) Labour Units X Cost Variance Index (CVI) Labour Units.
• Forecast at Completion: Labour Units (Schedule Performance) = Budget at Completion Labour Units – Estimate at Completion Labour Units. • Forecast at Completion: Schedule (Earned Value Performance) = [For costs] Budget at Completion X Schedule Variance Index (SVI). • Forecast at Completion: Schedule (Schedule Performance) = Remaining Finish Date – Baseline Finish Date. • Labour Cost % Complete = Actual Labour Cost / At Completion Labour Cost X 100. • Labour Units % Complete = Actual Labour Units / At Completion Labour Units X
100. • Material Cost % Complete = Actual Material Cost / At Complete Material Cost X 100. • Net Present Value = Total Benefit Plan (Present Value) – Total Spending Plan (Present Value). • Nonlabor Cost % Complete = Actual Nonlabor Cost / At Completion Nonlabor Cost X 100. • Nonlabor Units % Complete = Actual Nonlabor Units / At Completion Nonlabor Units X 100. • Overtime Factor = Standard Price X Overtime Factor.
• Planned Labour Cost (Activities) = [If no resources are assigned] Activity Planned Labour Units X Project Default Price / Time.
• Planned Nonlabor Cost = [If no resources are assigned] Activity Planned Nonlabor Units X Project Default Price / Time.
• Planned Value Cost (Activities) = Budget At Completion X Schedule Percent Complete.
• Planned Value Labour Units (Activities) = Budget At Completion X Schedule Percent Complete.
• Planned Value Labour Units (EPS) = Baseline Labour Units X Schedule Percent Complete. • Proposed Budget = Original Budget + the sum of the Approved and Pending Budgets from the budget log. • Remaining Cost (Assignments) = Remaining Units X Cost/Time. • Remaining Cost (Expenses) = Remaining Labour Costs + Remaining Nonlabor Costs + Remaining Expense Costs. • Remaining Float = Late Finish – Remaining Finish.
• Remaining Labour Cost (Activities) = [If no resources are assigned] Activity Remaining Labour Units X Project Default Price / Time.
• Remaining Nonlabor Cost (Activities) = [If no resources are assigned] Activity Remaining Nonlabor Units X Project Default Price / Time.
• Remaining Units (Activities) = Planned Units – Actual Units.
• Remaining Units (Assignments) = Remaining Duration X Remaining Units per Time. • Return on Investment = Net Present Value / Total Spending Plan (Present Value).
• Schedule Performance Index-Labour Units = Earned Value Labour Units / Planned Value Labour Units.
• Schedule Performance Index (Earned Value) = Earned Value / Planned Value.
• Schedule Performance Index (Index Performance) = Earned Value of Cost or Quantity / Planned Value of Cost or Quantity.
• Schedule Variance = Earned Value – Planned Value.
• Schedule Variance-Labour Units = Earned Value Labour Units – Planned Value Labour Units.
• Schedule Variance Index-Labour Units = Schedule Variance Labour Units / Planned Value Labour Units.
• Schedule Variance Index (Activities) = Schedule Variance / Planned Value.
• Schedule Variance Index (EPS) = Schedule Variance Labour Units / Planned Value Labour Units.
activity time frame – Total Requested Units.
• Step Weight Percent = (Step Weight / Sum of Weight for all steps) X 100.
• To Complete Performance Index (Earned Value) = (Budget at Completion – Earned Value) / (Estimate at Completion – Actual Units or Cost).
• To Complete Performance Index (Index Performance) = (BAC – Earned Value) / (EAC – Actual Units or Cost).
• To Date: Cost = Earned Value Cost – Actual Cost.
• To Date: Labour Units = Earned Value Labour Units – Actual Labour Units.
• To Date: Schedule (Earned Value) = [For costs] Earned Value Cost – Planned Value Cost.
• For labour units, Earned Value Labour Units – Planned Value Labour Units.
• To Date: Schedule (Schedule Performance) = (Baseline Duration X Performance % Complete) – (Baseline Duration X Schedule % Complete). • Total Benefit Plan = Plan Period $ / (1 + Annual Discount Rate) X years. • Total Float = Late Start – Early Start or Late Finish – Early Finish. • Total Present Value (Discounted): Benefit Plan = Plan Period $ / ((1 + Discount Rate) to the nth power). • Total Spending Plan = Plan Period $ / (1 + Annual Discount Rate) X years. • Unallocated Budget (EPS) = Total Current Budget – Distributed Current Budget. • Units % Complete (Activities) = Actual Units / At Completion Units X 100. • Units % Complete (Assignments) = Actual Units / At Completion Units X 100. • Units % Complete (EPS) = Actual Units / At Complete Units X 100. • Variance-Duration = Baseline Duration – At Completion Duration.
• Variance-Expense Cost = Project Baseline Expense Cost – At Completion Expense Cost.
• Variance-Finish Date = Finish Date – Baseline Finish Date.
• Variance-Labour Cost = BL Labour Cost – At Completion Labour Cost.
• Variance-Labour Units = Baseline Labour Units – At Completion Labour Units.
• Variance-Material Cost = Project Baseline Planned Material Cost – At Completion Material Cost.
• Variance-Nonlabor Units = Baseline Nonlabor Units – At Completion Nonlabor Units. • Variance-Start Date = Start Date – Baseline Start Date. • Variance-Total Cost = BL Total Cost – At Completion Total Cost. • Variance At Completion = Budget At Completion – Estimate At Completion. • Variance At Completion-Labour Units = Project Baseline Planned Total Labour Units – Estimate At Completion Labour Units. • Variance BL Project-Duration = Planned Duration – At Completion Duration.
• Variance BL Project-Expense Cost = BL Project Expense Cost – At Completion Expense Cost.
• Variance BL Project-Finish Date = Finish – BL Project Finish.
• Variance BL Project-Labour Cost = Planned Labour Cost – At Completion Labour Cost.
• Variance BL Project-Labour Units = BL Project Labour Units – At Completion Labour Units.
• Variance BL Project-Material Cost = BL Project Material Cost – At Completion Material Cost.
• Variance BL Project-Nonlabor Cost = Planned Nonlabor Cost – At Completion Nonlabor Cost.
• Variance BL Project-Nonlabor Units = BL Project Nonlabor Units – At Completion Nonlabor Units.
• Variance BL Project-Start Date = Start – BL Project Start.
• Variance BL Project-Total Cost = Planned Total Cost – At Completion Total Cost. • Variance BL1-Duration = BL1 Duration – At Completion Duration.
• Variance BL1-Expense Cost = Primary Baseline Expense Cost – At Completion Expense Cost. • Variance BL1-Finish Date = Finish – BL1 Finish. • Variance BL1-Labor Cost = BL1 Labour Cost – At Completion Labour Cost. • Variance BL1-Labor Units = BL1 Labour Units – At Completion Labour Units. • Variance BL1-Material Cost = BL1 Material Cost – At Completion Material Cost. • Variance BL1-Nonlabor Cost = BL1 Nonlabor Cost – At Completion Nonlabor Cost. • Variance BL1-Nonlabor Units = BL1 Nonlabor Units – At Completion Nonlabor
• Variance BL1-Start Date = Start – BL1 Start.
References
• FIDIC (1999). Conditions of Contract for Construction (Building and Engineering Works, 1st Edition). FIDIC publications.
• Nam, J (2012). Time Management in Railway Construction. University of Birmingham.
• Oracle (2014). Primavera P6 Data Dictionary Release 8.3. Oracle.