The 12 Essential EVM Formulas

EVM for Dummies Cheat Sheet

This cheat sheet covers the most important formulas for calculating EVM.

Acronyms
✓ AC: Actual Cost
✓ EV: Earned Value
✓ PV: Planned Value

Formulas
✓ Cost Variance (CV): CV = EV – AC
✓ Cost Variance % (CV %): CV% = 100 x (CV/EV)
✓ Schedule Variance (SV): SV = EV – PV
✓ Schedule Variance % (SV %): SV% = 100 x (SV/PV)
✓ Cost Performance Index (CPI): CPI = EV/AC
✓ Schedule Performance Index (SPI): SPI = EV/PV
✓ To Complete Performance Index (TCPI): TCPI EAC =Work Remaining / Cost Remaining
TCPI EAC: = (BAC – EV)/(EAC – AC)
✓ % Complete: % Complete = 100 x (EV cumulative/BAC)
✓ % Spent: % Spent = 100 x (AC cumulative/BAC (or EAC))
✓ Variance at Complete (VAC): VAC = BAC – EAC
✓ Variance at Complete % (VAC %): VAC % = 100 x (VAC/BAC)
✓ Independent Estimate at Complete (IEAC): IEAC calculations are based on the use of a
Performance Index:
• IEAC = ACWP cumulative + (BAC – EV cumulative)/ Performance Index
• IEAC = AC + (BAC – EV) / CPI
• IEAC = AC + (BAC – EV) / SPI
• IEAC = AC + (BAC – EV) / (SPI * CPI)
• IEAC = AC + (BAC – EV) / ((SPI * .20) + (CPI * .80))
• IEAC = AC + (BAC – EV) / CPI x (x equals the cumulative of the last x periods)

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