Was:
PV	Planned Value	BCWS	How much work should be done? (Budget)
AC	Actual Cost	ACWP	How much did we spend to get the work done?
EV	Earned Value	BCWP	How much did we budget for the work we did?
BAC	Budget at Completion		How much did we budget for the whole project?
EAC	Estimate at Completion		Given our progress, how much will the total project cost?
ETC	Estimate to Complete		How much more do we estimate the job will cost?
VAC	Variance at Completion		How much over/under budget will we be?

Cost Variance (CV)	EV - AC	Negative = Over budget, Positive = Under budget
Schedule Variance (SV)	EV - PV	Negative = Behind schedule, Positive = Ahead of schedule
CPI	EV AC	I am getting ______ cents out of every dollar.
SPI	EV PV	I am progressing at ______ % of the volume of work I wanted.
EAC	BAC CPI	At this time, we expect the total project to cost _____ dollars.
ETC	EAC-AC	How much will it cost from now to finish?
VAC	BAC-EAC	At the end, how much more/less will we spend?