Scribd
Upload
1K views

Earned Value Management (EVM)

This document defines key terms and formulas used in schedule and cost analysis for projects using earned value management. It includes definitions for planned value, earned value, actual cost, budget at completion, schedule variance, cost variance, estimates at completion, and other common metrics. Formulas are provided for calculating schedule performance index, cost performance index, variance at completion, and estimating costs and schedule to complete based on performance to date.

Uploaded by

rashm006ranjan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
1K views

Earned Value Management (EVM)

This document defines key terms and formulas used in schedule and cost analysis for projects using earned value management. It includes definitions for planned value, earned value, actual cost, budget at completion, schedule variance, cost variance, estimates at completion, and other common metrics. Formulas are provided for calculating schedule performance index, cost performance index, variance at completion, and estimating costs and schedule to complete based on performance to date.

Uploaded by

rashm006ranjan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 8

SL no Description Notation Formula

Planned value or
1 Budgeted Cost of Work PV or BCWS MANUAL INPUT
Scheduled

Earned Value or
2 Budgeted Cost of Work EV or BCWP MANUAL INPUT
Performed

Actual Cost or Actual


3 Cost of Work Performed AC or ACWP MANUAL INPUT

4 Budget at Completion BAC work remaining/budget remaining


SCHEDULE ANALYSIS AND FORECASTING
5 Schedule Variance SV EV-PV
Percentage of Schedule
6 SV% (SV/PV)*100
Variance
Schedule Performance
7 SPI EV/PV
Index
Time Estimate at EACt
8 (BAC/SPI)/(BAC/months)
Completion
COST ANALYSIS AND FORECASTING
9 Cost Variance CV EV - AC
Percentage of Cost
10 CV% (CV / EV)*100
Variance

11 Cost Performance Index CPI EV / AC

To-Complete
12 TCPI (BAC - EV) / (BAC - AC)
Performance Index

13 Estimate at Completion EAC BAC / CPI

14 Variance at Completion VAC BAC - EAC

Percentage of variance
15 VAC% (VAC / BAC)*100
at completion

16 Estimate to Complete ETC (BAC - EV) / CPI


Calculation

48

32

40

150

-16

-33.33

0.67

18

-8

-25

0.8

1.07

187.50

-37.50

-25

147.5

You might also like