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Project Earned Value Analysis1
Project Earned Value Analysis1
Metric
Budget at Completion
Actual Cost
Earned Value
Planned Value
Cost Variance
Abbrev.
Description
BAC
Baseline cost for 100% of project.
AC
Total costs actually incurred so far.
Amount of budget earned so far based on physical work
EV
accomplished, without reference to actual costs.
The budget for the physical work scheduled to be completed by
PV
the end of the time period.
Measure of cost overrun. The difference between the budget for
CV
the work actually done so far and the actual costs so far.
CPI
Schedule Variance
SV
SPI
Cost efficiency ratio. A CPI of 1.00 means that the costs so far
are exactly the same as the budget for work actually done so far.
Measure of schedule slippage. The difference between the
budget for the work actually done so far and the budgeted cost
of work scheduled.
The schedule efficiency ratio. An SPI of 1.0 means that the
project is exactly on schedule.
Estimate to Completion
ETC
Estimate at Completion
EAC
Variance at Completion
VAC
Status
Page 1 of 4
Formula/Value
N/A
N/A
N/A
N/A
Earned ValueActual Cost
EVAC
Earned Value/
Actual Cost
EV/AC
Earned ValuePlanned Value
EVPV
Earned Value/Planned Value
EV/PV
Estimate at CompletionActual Cost
EACAC
Budget at Completion/Cost
Performance Index
BAC/CPI
Budget at CompletionEstimate at
Completion
BACEAC
(Cost Performance Index+Schedule
Performance Index)/2
(CPI+SPI)/2
>1.0
>0.85
>0.65
<0.65
Source Data
Jan
$1,230
$100
$100
$100
$0
$0
1.00
1.00
$1,130
$1,230
$0
GREEN
Feb
$1,230
$200
$205
$220
($5)
($20)
0.98
0.91
$1,056
$1,261
($31)
YELLOW
Mar
$1,230
$300
$315
$325
($15)
($25)
0.95
0.92
$977
$1,292
($62)
YELLOW
Apr
$1,230
$450
$600
$550
($150)
($100)
0.75
0.82
$1,040
$1,640
($410)
May
$1,400
$750
$800
$725
($50)
$25
0.94
1.03
$693
$1,493
($93)
RED
YELLOW
New baseline
set
Page 2 of 4
Jun
$1,400
$800
$1,000
$925
($200)
($125)
0.80
0.86
$750
$1,750
($350)
RED
Jul
$1,400
$1,125
$1,200
$1,175
($75)
($50)
0.94
0.96
$293
$1,493
($93)
YELLOW
Aug
$1,400
$1,200
$1,350
$1,275
($150)
($75)
0.89
0.94
$225
$1,575
($175)
YELLOW
Sep
$1,400
$1,400
$1,475
$1,450
($75)
($50)
0.95
0.97
$0
$1,475
($75)
YELLOW
Oct
$1,400
$1,400
$1,525
$1,500
($125)
($100)
0.92
0.93
$0
$1,525
($125)
YELLOW
Trend Analysis
$ (000)
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Period
Budget at Completion (BAC)
Performance Index
Efficiency
1.10
1.00
0.90
0.80
0.70
0.60
0.50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Period
Cos t Perform ance Index (CPI)
Page 3 of 4
Oct
Trend Analysis
Variance Analysis
$50
$ (000)
$0
($50)
($100)
($150)
($200)
($250)
($300)
($350)
($400)
($450)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Period
Cos t Variance (CV)
Estimate at Completion
$1,800
$(000)
$1,700
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Period
Page 4 of 4
Oct