Formulas

Prioritised for recurring project work: Find the residual probability at which a response breaks even in expected monetary terms.

Before using it: Describe events, consequences and assumptions before assigning numbers.

Prioritised for recurring project work: Measure the budgeted value earned per unit of actual cost.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Compare the budgeted value of completed work with what that work actually cost.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Forecast final cost assuming the cost efficiency observed so far continues.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Separate forecast spending still to come from money already spent.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Combine an estimated probability and impact while keeping the full downside visible.

Before using it: Describe events, consequences and assumptions before assigning numbers.

Prioritised for recurring project work: Compare cash flows at different times on a common present-value basis.

Before using it: Define the intended outcome and who will measure it.

Prioritised for recurring project work: Compare a paid risk response with accepting the original financial exposure.

Before using it: Describe events, consequences and assumptions before assigning numbers.

Prioritised for recurring project work: Count possible undirected pairwise connections in a group.

Before using it: Start with the decision, audience and feedback needed.

Prioritised for recurring project work: Measure the amount of budgeted work earned relative to what was planned by the status date.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Compare completed work with the work planned by a status date, expressed in budget units.

Before using it: Use a common baseline, measurement boundary and status date.

Prioritised for recurring project work: Show the difference between the work budget and the forecast final cost.

Before using it: Use a common baseline, measurement boundary and status date.

Use when this specific decision arises: Use optimistic, most likely and pessimistic estimates to make uncertainty explicit.

Before using it: Define scope, units and the evidence behind the range.

Use when this specific decision arises: Calculate the cost efficiency required on the remaining work to finish within the original work budget.

Before using it: Use a common baseline, measurement boundary and status date.