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Can you explain the formula for calculating burn rate: Burn Rate = 1 / CPI = 1 / (BCWP/ACWP) = ACWP / BCWP = AC / EV

What are the acronyms CPI, BCWP, ACWP, AC, EV in the burn rate calculation formula? I see the definition of a burn rate. That makes sense. And I see the formula for calculating, but what do those acronyms mean?
asked 7 years ago by anonymous

1 Answer

CPI = Cost Performance Index
BCWP = Budgeted Cost of Work Performed
ACWP = Actual Cost of Work Performed
AC = Actual Cost
EV = Earned Value
answered 7 years ago by FastProjectManager (10,100 points)

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