Definitions

Project Earned Value Analysis

Project Earned Value Analysis measures the health of a project by looking at cost information and schedule information concurrently. It tells you whether the project is on schedule and on budget, as well as whether the project is on budget for the amount of work done so far.

Metric Budget at Completion Actual Cost

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 Earned Value EV accomplished, without reference to actual costs. The budget for the physical work scheduled to be Planned Value PV completed by the end of the time period. between the Measure of cost overrun. The difference budget for the work actually done so far and the actual Cost Variance CV costs so far. Cost efficiency ratio. A CPI of 1.00 means that the costs so far are exactly the same as the budget for work Cost Performance Index CPI actually done so far. Measure of schedule slippage. The difference between the budget for the work actually done so far and the Schedule Variance SV budgeted cost of work scheduled. The schedule efficiency ratio. An SPI of 1.0 means that Schedule Performance Index SPI the project is exactly on schedule. Estimate to Completion Estimate at Completion Variance at Completion ETC EAC VAC The expected additional cost to complete. Expected total cost based on the current cost efficiency ratio. Estimated cost overrun at the end of project.

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

Status

Average of CPI & SPI. GREEN = On track YELLOW = Slightly behind schedule or budget RED = Needs immediate attention BLACK = Killed or Restore

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Source Data

<ProjectNameHere>
Budget at Completion (BAC) Earned Value (EV) Actual Cost (AC) Planned Value (PV) Cost Variance (CV) Schedule Variance (SV) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate to Completion (ETC) Estimate at Completion (EAC) Variance at Completion (VAC) Status based on Average Performance Index Comments Jan $1,230 $100 $100 $100 $ $ 1 1 $1,130 $1,230 $ GREEN Feb $1,230 $200 $205 $220 ($5 ($20 1 1 $1,056 $1,261 ($31 YELLOW Mar $1,230 $300 $315 $325 ($15 ($25 1 1 $977 $1,292 ($62 YELLOW Apr $1,230 $450 $600 $550 ($150 ($100 1 1 $1,040 $1,640 ($410 RED May $1,400 $750 $800 $725 ($50 $25 1 1 $693 $1,493 ($93 YELLOW New baseline set Jun $1,400 $800 $1,000 $925 ($200 ($125 1 1 $750 $1,750 ($350 RED Jul $1,400 $1,125 $1,200 $1,175 ($75 ($50 1 1 $293 $1,493 ($93 YELLOW Aug $1,400 $1,200 $1,350 $1,275 ($150 ($75 1 1 $225 $1,575 ($175 YELLOW Sep $1,400 $1,400 $1,475 $1,450 ($75 ($50 1 1 $ $1,475 ($75 YELLOW Oct $1,400 $1,400 $1,525 $1,500 ($125 ($100 1 1 $ $1,525 ($125 YELLOW

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Trend Analysis

Earned Value Analysis

$1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct

$ (000)

Budget at Completion (BAC)

Actual Cost Period Earned Value (EV) (AC)

Planned Value (PV)

Performance Index

1.10 1.00 0.90

Efficiency

0.80 0.70 0.60 0.50 Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Period Cost Performance Schedule Performance Index (CPI) Index (SPI)

Variance Analysis
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Trend Analysis

Variance Analysis

$100 $0 -$100

$ (000)

-$200 -$300 -$400 -$500 Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Cost Variance (CV)

Period Schedule Variance (SV)

Variance at Completion (VAC)

Estimate at Completion

$1,800 $1,700 $1,600 $1,500

$(000)

$1,400 $1,300 $1,200 $1,100 $1,000 Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Period Estimate at Completion Budget at Completion (BAC) (EAC)

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