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Sample Earned Value Calculations

This document provides earned value calculations for a project. As of May 31st: - The earned value (EV) is $43,333, less than the planned value (PV) of $46,000 and more than the actual costs (AC) of $53,000. - The cost variance (CV) is -$9,667 and the schedule variance (SV) is -$2,667, indicating the project is over budget and behind schedule. - The cost performance index (CPI) is 81.761% and the schedule performance index (SPI) is 94.203%, suggesting issues with both costs and schedule.

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Trevor
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207 views

Sample Earned Value Calculations

This document provides earned value calculations for a project. As of May 31st: - The earned value (EV) is $43,333, less than the planned value (PV) of $46,000 and more than the actual costs (AC) of $53,000. - The cost variance (CV) is -$9,667 and the schedule variance (SV) is -$2,667, indicating the project is over budget and behind schedule. - The cost performance index (CPI) is 81.761% and the schedule performance index (SPI) is 94.203%, suggesting issues with both costs and schedule.

Uploaded by

Trevor
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Earned Value Calculations for Project Name

Prepared by: Date:


Note: Change the entries to meet your project needs. This data is from Figure 7-4 of Schwalbe's text Information Technology Project Management, Fourth Edition.
Also make sure the formulas work properly based on the data you enter.
To Date Planned Actual
Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec PV % Complete % Complete RV EV
Plan and staff project 4,000 4,000 8,000 100 100 100% 8,000
Analyze requirements 6,000 6,000 12,000 100 100 100% 12,000
Develop ERDs 4,000 4,000 8,000 100 100 100% 8,000
Design database tables 6,000 4,000 10,000 100 100 100% 10,000
Design forms, reports, and queries 8,000 4,000 8,000 75 50 67% 5,333
Construct working prototype 10,000 - -
Test/evaluate prototype 2,000 6,000 - -
Incorporate user feedback 4,000 6,000 4,000 - -
Test system 4,000 4,000 2,000 - -
Document system 3,000 1,000 - -
Train users 4,000 - -
Monthly Planned Value (PV) 4,000 10,000 10,000 10,000 12,000 16,000 10,000 6,000 8,000 4,000 5,000 5,000 43,333
Cumulative Planned Value (PV) 4,000 14,000 24,000 34,000 46,000 62,000 72,000 78,000 86,000 90,000 95,000 100,000
Monthly Actual Cost (AC) 4,000 11,000 11,000 12,000 15,000
Cumulative Actual Cost (AC) 4,000 15,000 26,000 38,000 53,000
Monthly Earned Value (EV) 4,000 10,000 10,000 10,000 9,333
Cumulative Earned Value (EV) 4,000 14,000 24,000 34,000 43,333
Project EV as of May 31 43,333
Project PV as of May 31 46,000
Project AC as of May 31 $ 53,000
CV=EV-AC $ (9,667)
SV=EV-PV $ (2,667)
CPI=EV/AC 81.761%
SPI=EV/PV 94.203%
Estimate at Completion (EAC) $ 122,308 (original plan of $100,000 divided by CPI)
Estimated time to complete 12.74 (original plan of 12 months divided by SPI)
Estimate at Compl
120,000

Budget at Comple
100,000

80,000

Planned Value (PV)


$

60,000

Actual Cost (AC)


40,000

Earned Value (EV)


20,000

-
1 2 3 4 5 6 7 8 9 10
Month
Estimate at Completion (EAC)

Budget at Completion (BAC)

Planned Value (PV)

8 9 10 11 12

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