Ok what’s burn rate in the project world?
Aside from financing, the term burn rate is also used in project management to determine the rate at which hours (allocated to a project) are being used, to identify when work is going out of scope, or when efficiencies are being lost. Simply put, the burn rate of any project is the rate at which the project budget is being burned (spent).
In earned value management, burn rate is calculated via the formula, 1/CPI, where CPI stands for Cost Performance Index, which is equal to Earned Value / Actual Cost.
Let’s not get into the nitty gritty of project management and calculations but more on what this app has…
Burn Rate based on Budget
Burn Rate based on Project Days
Project Budget Calculator based on CPH, HPD, CPD and Total Project Days
As well you have a list view of all PMP Formulas – Might have missed a few so let me know
Original Post – Linky