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the budget at completion (BAC), is based on what you promised the final cost of the program to be Here s how the formula looks: Earned Value = %Completed BAC So, if your program is 30 percent complete and your budget is $1,500,000, your Earned Value would be 30 percent of $1,500,000, which is $450,000 Planned value (PV) is the amount the program should be worth according to the calendar In other words, a program manager has promised that the program would be 40 percent done on June 1 This means that the organization can plan on the program being worth 40 percent of the BAC of $1,500,000 on June 1 In this example, the planned value is 40 percent of $1,500,000, which is $600,000 Cost variance (CV) is the difference between the earned value of the program and the actual costs of the program In this example, I said the program was 30 percent complete, which is $450,000 in EV However, the program had wasted materials, rework, and other expenses to reach the 30 percent mark in the program and they spent $570,000 more than the earned value amount The cost variance is the earned value amount of $450,000 minus the actual costs of $570,000 for a cost variance of negative $120,000 Uh-oh! This program is losing money! Schedule variance (SV) is the difference between the earned value and the planned value In this instance the earned value is $450,000, because the program is 30 percent complete It s June 1, however, and the program is supposed to be 40 percent complete This variance is EV PV, which is $450,000 $600,000, which is negative $150,000 This program is running late The cost performance index (CPI) shows how well the program is performing on its budget The closer to 1 the value is, the better the program is doing You ll find this value by dividing the EV by the AC of the program This time it ll be $450,000/$570,000, which is 079 when I round up This number means that the program is actually losing 21 cents on every dollar it invests in this program Yikes! The schedule performance index (SPI) is similar to the CPI formula, but its concern is to assign a value to performance of the schedule It is simply EV/PV, which is $450,000/$600,000 and equals 075 Again, the closer to 1, the better the health of the program; this program is off schedule by 25 percent Not good Given what we ve found so far, you can create a new estimate of where the program s final costs are likely to be The Estimate at Completion formula is the original BAC/CPI; in this instance it s $1,500,000/079 and equals an estimate of $1,900,000, rounded up You are basically accounting for the 21 cents the program is losing on every dollar If you know that your program will now need a total $1,900,000, you can also calculate the Estimate to Complete (ETC) formula The ETC is EAC AC In other words, you re trying to find out how much more the program needs to complete In this instance the EAC of $1,900,000 less the AC of $570,000 means the program will need $1,330,000 more to reach the program s end The last formula for now is the Variance at Completion This one is a snap It s simply the original BAC minus the EAC you just calculated In this ugly program the BAC started at $1,500,000 and the EAC was calculated to be $1,900,000, so the VAC for the program will be negative $400,000.

Here are a few rules to follow when you create your own variable names: Variable names must always start with an uppercase or lowercase letter (A, B, . . . , Z or a, b, . . . , z) or with an underscore (_). The remainder of the variable name must be made up of uppercase or lowercase letters, numbers (0, 1, . . . , 9), or underscores.

49 Given:

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These two rules yield variable names like myVariable, THIS_NUMBER, VaRiAbLe_1, and A1234_4321 Note that a C variable may never include a space or a character like an ampersand (&) or asterisk (*) These rules must be followed However, these rules do leave a fair amount of room for inventiveness Over the years, different groups of programmers came up with additional guidelines (also known as conventions or style guides) that made variable names more consistent and a bit easier to read As an example of this, Unix programmers tended to use all lowercase letters in their variable names When a variable name consisted of more than one word, the words were separated by an underscore This yielded variable names like my_variable or number_of_puppies Another popular convention stems from a programming language named Smalltalk.

1 import javautil*; 2 class Priorities { 3 public static void main(String[] args) { 4 PriorityQueue toDo = new PriorityQueue(); 5 toDoadd("dishes"); 6 toDoadd("laundry"); 7 toDoadd("bills"); 8 toDooffer("bills"); 9 Systemoutprint(toDosize() + " " + toDopoll()); 10 Systemoutprint(" " + toDopeek() + " " + toDopoll()); 11 Systemoutprintln(" " + toDopoll() + " " + toDopoll()); 12 } }

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