564 Control Cost: Outputs

EARNED VALUE STATUS REPORT

Project Title: ____________________________________ Date Prepared: ______________
Budget at Completion (BAC): _______________________ Overall Status: _______________

Current Reporting Current Period Past Period

Period Cumulative Cumulative
Planned value (PV) Value of the work planned to be accomplished
Earned value (EV) Value of the work actually accomplished
Actual cost (AC) Cost for the work accomplished

Schedule variance (SV) EV-PV

Cost variance (CV) EV-AC
Schedule performance index (SPI) EV/PV
Cost performance index (CPI) EV/AC

Root Cause of Schedule Variance:

Describe the cause of any schedule variances.

Impact on Deliverables, Milestones, or Critical Path:

Describe the impact on deliverables, milestones, and the critical path and any intended actions to
address the variances.
Root Cause of Cost Variance:
Describe the cause of any cost variances.

Impact on Budget, Contingency Funds, or Reserve:

Describe the impact on the project budget, contingency funds and reserves, and any intended actions
to address the variances.

Percent planned PV/BAC

Percent earned EV/BAC
Percent spent AC/BAC

Estimates at Completion (EAC):

EAC w/CPI [BAC/CPI]
EAC w/ CPIxSPI [AC+((BAC-EV)/(CPIxSPI))]
Selected EAC, Justification and explanation
There are many valid methods of deriving estimates at completion. Two of them are listed above.
Figure 4-7: Whichever method you choose, document the method and justify the approach.

An earned To complete performance index (TCPI) (BAC -EV)/(BAC -AC)*

*Another common equation for TCPI is (BAC-EV)/(EAC-AC).
value status
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