Definitions
Project Earned Value Analysis
Project Earned Value Analysis measures the health of a project by looking at cost information and schedule information concurrently. It tells you whether the proje is on schedule and on budget, as well as whether the project is on budget for the amount of work done so far.
Metric
Budget at Completion Actual Cost
Abbrev.
BAC AC
Earned Value
EV
Planned Value
PV
Cost Variance
CV
Cost Performance Index
CPI
Schedule Variance
SV
Schedule Performance Index SPI Estimate to Completion
ETC
Estimate at Completion
EAC
Variance at Completion
VAC
Status
Description
Formula/Value
Baseline cost for 100% of project. N/A Total costs actually incurred so far. N/A Amount of budget earned so far based on physical work accomplished, without reference to actual costs. N/A The budget for the physical work scheduled to be completed by the end of the time period. N/A Measure of cost overrun. The difference between the budget for Earned Value\u2013Actual Cost the work actually done so far and the actual costs so far. EV\u2013AC Cost efficiency ratio. A CPI of 1.00 means that the costs so far Earned Value/ are exactly the same as the budget for work actually done so Actual Cost far. EV/AC Measure of schedule slippage. The difference between the Earned Value\u2013Planned Value budget for the work actually done so far and the budgeted cost EV\u2013PV of work scheduled. The schedule efficiency ratio. An SPI of 1.0 means that the Earned Value/Planned Value project is exactly on schedule. EV/PV Estimate at Completion\u2013Actual Cost The expected additional cost to complete. EAC\u2013AC Budget at Completion/Cost Performance Index Expected total cost based on the current cost efficiency ratio. BAC/CPI Budget at Completion\u2013Estimate at Completion Estimated cost overrun at the end of project. BAC\u2013EAC (Cost Performance Index+Schedule Performance Index)/2 Average of CPI & SPI. (CPI+SPI)/2 GREEN = On track >1.0 YELLOW = Slightly behind schedule or budget >0.85 RED = Needs immediate attention >0.65 BLACK = Killed or Restore <0.65
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Source Data
Project Earned Value Analysis
Budget at Completion (BAC) Earned Value (EV) Actual Cost (AC) Planned Value (PV) Cost Variance (CV) Schedule Variance (SV) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate to Completion (ETC) Estimate at Completion (EAC) Variance at Completion (VAC) Status based on Average Performance Index
Jan
Feb
Mar
Apr
GREEN
YELLOW
YELLOW
RED
$1,230 $100 $100 $100 $0 $0 1.00 1.00 $1,130 $1,230 $0
$1,230 $200 $205 $220 ($5) ($20) 0.98 0.91 $1,056 $1,261 ($31)
$1,230 $300 $315 $325 ($15) ($25) 0.95 0.92 $977 $1,292 ($62)
$1,230 $450 $600 $550 ($150) ($100) 0.75 0.82 $1,040 $1,640 ($410)
May
Jun
Jul
Aug
Sep
Oct
YELLOW
RED
YELLOW
YELLOW
YELLOW
YELLOW
$1,400 $750 $800 $725 ($50) $25 0.94 1.03 $693 $1,493 ($93)
$1,400 $800 $1,000 $925 ($200) ($125) 0.80 0.86 $750 $1,750 ($350)
$1,400 $1,125 $1,200 $1,175 ($75) ($50) 0.94 0.96 $293 $1,493 ($93)
$1,400 $1,200 $1,350 $1,275 ($150) ($75) 0.89 0.94 $225 $1,575 ($175)
$1,400 $1,400 $1,475 $1,450 ($75) ($50) 0.95 0.97 $0 $1,475 ($75)
$1,400 $1,400 $1,525 $1,500 ($125) ($100) 0.92 0.93 $0 $1,525 ($125)
New baseline set
Comments
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Trend Analysis
Earned Value Analysis $1,600 $1,400 $1,200 ) 0 0 0 ( $
$1,000 $800 $600 $400 $200 $0
Jan
Feb
Mar
Apr
May
Jun
Period
Jul
Aug
Sep
Oct
Trend Analysis
Earned Value Analysis $1,600 $1,400 $1,200 ) 0 0 0 ( $
$1,000 $800 $600 $400 $200 $0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Period
Budget at Completion (BAC)
Actual Cost (AC)
Earned Value (EV)
Planned Value (PV)
Performance Index 1.10 1.00 y c n e i c i f f E
0.90 0.80 0.70 0.60 0.50 Jan
Feb
Mar
Apr
May
Jun
Jul
Period
Cost Performance Index (CPI)
Schedule Performance Index (S P I)
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Aug
Sep
Oct
Trend Analysis
Variance Analysis $50 $0 ($50) ($100) ) 0 0 0 ( $
($150) ($200) ($250) ($300) ($350) ($400) ($450) Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Sep
Oct
Period
Cost Variance (CV)
Schedule Variance (SV)
Variance at Completion (VAC)
Estimate at Completion $1,800 $1,700 $1,600 ) 0 0 0 ( $
$1,500 $1,400 $1,300 $1,200 $1,100 $1,000 Jan
Feb
Mar
Apr
May
Jun
Jul
Period
Budget at Completion (BAC)
Estimate at Completion (EAC)
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Aug
