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Earned Value Formulas

This document defines formulas used to calculate earned value metrics for project management. Planned value is the original budgeted costs, budget at completion is the total projected costs, and actual costs are expenses to date. Earned value is work completed according to the budget and schedule. Variances compare earned value to planned value and actual costs. Indices measure cost and schedule performance. Estimates calculate future costs to completion and at completion based on past performance.

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kolya viktor
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29 views

Earned Value Formulas

This document defines formulas used to calculate earned value metrics for project management. Planned value is the original budgeted costs, budget at completion is the total projected costs, and actual costs are expenses to date. Earned value is work completed according to the budget and schedule. Variances compare earned value to planned value and actual costs. Indices measure cost and schedule performance. Estimates calculate future costs to completion and at completion based on past performance.

Uploaded by

kolya viktor
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Earned Value Formulas

Planned Value (PV)


Looking at your original baselined budget, calculate the total of what you planned to spend for each
activity from the project start date until the current status date.

Budget at Completion (BAC)


Looking at your original baselined budget, the total cost of everything in the entire project.

Actual Cost (AC)


Based on you expenditures, calculate the total of what you have actually spent for each activity in your
schedule from the project start date until the current status date.

Earned Value (EV)


Using one of the Activity Earning rules and the costs in your original baseline budget, calculate the total
of how much you should have spent for the amount of work you have actually completed and/or
partially completed.

Cost Variance (CV)


CV = EV – AC

Schedule Variance (SV)


SV = EV – PV

Cost Performance Index (CPI)


𝐶𝑃𝐼 = 𝐸𝑉 ÷ 𝐴𝐶 Also written as CPI = EV/AC or
𝐸𝑉
𝐶𝑃𝐼 =
𝐴𝐶

Schedule Performance Index (SPI)


𝑆𝑃𝐼 = 𝐸𝑉 ÷ 𝑃𝑉 Also written as SPI = EV/PV or
𝐸𝑉
𝑆𝑃𝐼 =
𝑃𝑉
1
Earned Value Formulas

Estimate to Complete (ETC)


(𝐵𝐴𝐶 − 𝐸𝑉)
𝐸𝑇𝐶 = Also written as ETC = (BAC - EV) / CPI or
𝐶𝑃𝐼

𝐸𝑇𝐶 = (𝐵𝐴𝐶 − 𝐸𝑉) ÷ 𝐶𝑃𝐼

Estimate at Completion (EAC)


𝐸𝐴𝐶 = 𝐴𝐶 + 𝐸𝑇𝐶

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