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    Earned Value Analysis

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    Mohamad Charaf
    Earned Value Analysis (EVA) is a technique used to estimate the total costs of a project, how much variance there may be from the budget, and whether the project is ahead or behind schedule. EVA involves calculating values such as Budget at Completion (BAC), Actual Cost (AC), Earned Value (EV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimate to Complete (ETC), and Variance at Completion (VAC) to monitor project performance and progress. Comparing values like EV, AC, PV allows you to determine if you are over or under budget and ahead or behind schedule.

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    Earned Value Analysis

    Uploaded by

    Mohamad Charaf
    44 views1 page
    Earned Value Analysis (EVA) is a technique used to estimate the total costs of a project, how much variance there may be from the budget, and whether the project is ahead or behind schedule. EVA involves calculating values such as Budget at Completion (BAC), Actual Cost (AC), Earned Value (EV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimate to Complete (ETC), and Variance at Completion (VAC) to monitor project performance and progress. Comparing values like EV, AC, PV allows you to determine if you are over or under budget and ahead or behind schedule.

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    Earned Value Analysis (EVA) is a technique used to estimate the total costs of a project, how much variance there may be from the budget, and whether the project is ahead or behind schedule. EVA involves calculating values such as Budget at Completion (BAC), Actual Cost (AC), Earned Value (EV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimate to Complete (ETC), and Variance at Completion (VAC) to monitor project performance and progress. Comparing values like EV, AC, PV allows you to determine if you are over or under budget and ahead or behind schedule.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    44 views1 page

    Earned Value Analysis

    Uploaded by

    Mohamad Charaf
    Earned Value Analysis (EVA) is a technique used to estimate the total costs of a project, how much variance there may be from the budget, and whether the project is ahead or behind schedule. EVA involves calculating values such as Budget at Completion (BAC), Actual Cost (AC), Earned Value (EV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimate to Complete (ETC), and Variance at Completion (VAC) to monitor project performance and progress. Comparing values like EV, AC, PV allows you to determine if you are over or under budget and ahead or behind schedule.

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    of 1

    predict your total costs when the project is complete

    Estimate At Completion (EAC) = BAC/CPI

    how much more money you'll probably


    spend on your project
    Estimate To Complete (ETC) = EAC -AC Budget At Completion (BAC) Total Budget: first number you think of

    what your variance will be when the


    project is done
    Variance at Completion (VAC) = BAC - EAC Forecast
    percent of the total budget supposed to
    how well your project will need to perform have done so far
    to stay on budget Planned Value (PV)
    PV = BAC * %Planned Complete
    How much budgeted work is left divided
    by how much estimated money is left.
    To-Complete Performance Index
    If you’
    re running over your budget, you’
    ll (TCPI) = (BAC-EV)/( EAC -AC) how much of your project’ s value has
    have to estimate a new EAC and base been delivered. comparing the value of
    your TCPI on that what your schedule says you should have
    Earned Value Earned Value (EV) delivered against the value of what you
    actually delivered
    Actual Cost (AC). That’s the amount of Analysis
    money that you've spent so far on the EV = BAC * % Actual Complete
    project
    Are you over budget or under budget?
    Is your Project Ahead or behind schedule?
    If you want to know whether you’
    re over
    If SPI is greater than
    or under budget, use CPI.
    Cost Performance Index (CPI) = EV/AC one, that means EV is
    bigger than PV, so you’re
    If CV is negative, then he’
    s not getting ahead of schedule!
    Budget Schedule Schedule Performance Index (SPI) = EV/PV
    good value for his money.
    Cost Variance (CV) = EV-AC
    so if the variance is positive, it tells you
    how well your project will need to perform exactly how many dollars you’ re ahead. If
    to stay on budget it’
    s negative, it tells you how
    many dollars you’ re behind.
    How much budgeted work is left divided Schedule Variance SV = EV-PV
    by how much budgeted money is left. To-Complete Performance Index
    If you’re performing within your budgeted (TCPI) = (BAC-EV)/(BAC-AC)
    Reference: Head First PMP
    cost,it’ll be based on your BAC
    ITConsigliere.com
    Mohamad Charaf

    Earned Value Analysis.mmap - 4/22/2011 -

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