# Tools & Templates ## What Is Cost Variance (CV)? Definition, Formula, Example, Calculator

You probably came across the cost variance (CV) when you had been reading about earned value management and variance analysis. Whether you are controlling the cost of your project or preparing for the PMP exam – being familiar with the CV is essential to master project cost management. This article introduces the concept of cost … ## IRR Calculator: Internal Rate of Return (IRR) of Projects

The Internal Rate of Return is one of the most common success measures of projects and investments. It is a profitability metric that can be used to assess and compare different project options even if their investment amounts, timeline and cash flow characteristics differ. In project management, it is often used for cost-benefit analyses as … ## Three-Point Estimation Calculator – Triangular & PERT Beta Distribution

Three-Point estimating is a common estimation technique in projects that are applying the PMI methodology. While other estimation techniques are often deemed to be more accurate, three-point estimating supplemented with the triangular or beta (PERT) distribution is useful if the experience with or benchmarks of comparable projects are not available. Use this calculator to determine … ## Internal Rate of Return (IRR) vs. ROI – What Are the Differences?

If you are working on a cost-benefit analysis, you will almost inevitably come across ROI and IRR. Return on Investment (ROI) and Internal Rate of Return (IRR) are among the most popular success measures for projects and investments. They are also mentioned in the Project Management Institute’s Body of Knowledge (source: PMBOK®, 6th ed., part … ## Return on Investment (Single & Multi-Period ROI): Formulae, Examples, Calculator

Return on Investment is one of the most common indicators used for the cost-benefit analysis. This is probably because of its simplicity and understandability of the information conveyed. In Project Management, it is a success measure suggested by the Project Management Institute (PMI; source: PMBOK®, 6th ed., part 1, ch. 1.2.6.4, p. 34). However, the … ## Payback Period Calculator – PbP for Even & Uneven Cash Flows

Do you need to calculate the number of periods an investment requires to reach the break-even point? The Payback Period (PbP or PBP) indicates the period in which a full repayment or amortization of an investment is achieved. This indicator is used not only for the assessment of project options and business cases in project … ## Benefit Cost Ratio (BCR) Calculator

Do you need to compare the value of different investment alternatives, project scenarios or assets? If so, you will find this BCR calculator useful. It calculates the benefit-to-cost ratio based on your cash flow forecast and your discount rate. Introduction to the BCR Calculator In cost benefit analyses, the BCR is one of the common … ## What Is the Net Present Value (NPV) & How Is It Calculated?

When you perform a cost-benefit analysis and need to compare different investment alternatives with each other, you might consider using the net present value (NPV) as one of the profitability indicators. In project management, the NPV is commonly used and also listed in PMI’s Project Management Body of Knowledge (source: PMBOK®, 6th edition, part 1, … ## Net Present Value (NPV) Calculator

Whether you need to assess the value of different project alternatives, investment options or assets, you will likely want to use an NPV calculator. Fill in the discount rate, the investment, your projected cash flows and the estimated residual value (if any). The calculator will discount the net cash flows based on your parameters and … ## What Is the To-Complete-Performance-Index (TCPI)? Definition, Formula & Calculator.

When you are in the process of project cost controlling – either in a real-life situation or during your PMP exam preparation – you will probably wonder what exactly the to-complete-performance index is and how you can use this indicator. In this article, we will introduce the TCPI, its definition and formula. You can also …