Earned Value Management Calculator

Data

All the formulas are based on the PMBOK Guide 4th Edition, and the PMI Practice Standard for Earned Value Management (2005)

You need to fill in at least the data in the blue table "Basic data points". (Duration in months is optional) Value Measurement 150,000.00 42,000.00 7 30.00% 35.00% 45,000.00 52,500.00 30.00% 35.00% 28.00% 1.07 0.86 0.97 1.07 0.92 3,000.00 ( 7,500.00) 6.67% (14.29%) 10,000.00 6.67% Monetary Monetary Months Percentage Percentage Monetary Monetary Percentage Percentage Percentage Indice Indice Indice Indice Indice Monetary Monetary Percentage Percentage Monetary Percentage BAC * percentage completed BAC * percentage planned EV/BAC PV/BAC AC/BAC EV/AC EV/PV (BAC-EV)/(BAC-AC) (BAC-EV)/(EAC-AC) CPI * SPI EV-AC EV-PV CV/EV SV/PV BAC-EAC VAC/BAC Formula Explanation/Remark Planned total project budget Actual Cost of Work Performed (ACWP) (for EACt calculation in months) Actual percentage of work completed How much % should the project be completed Budgeted Cost of Work Performed (BCWP) Budgeted Cost of Work Scheduled (BCWS)

Basic data points:

Budget at Completion (BAC) Actual Cost (AC) Planned Duration in months Percent completed Percentage planned

Status:
Earned Value (EV) Planned Value (PV) % Completed (inverted calculation) % Planned (inverted calculation) % Spent (inverted calculation)

Performance:
Cost Performance Indicator (CPI) Schedule Performance Indicator (SPI) To Complete Performance Index (TCPI BAC) To Complete Performance Index (TCPI EAC) Cost Schedule Index (CSI) How efficiently are we using our resources? (Less than 1 is over budget) How efficient are we using time? (Less than 1 is behind schedule) How efficient must we use our remaining resources? (if we want to reach our original BAC) How efficient must we use our remaining resources? (if we want to reach the currently calculated EAC)

Variance:
Cost Variance (CV) Schedule Variance (SV) Cost Variance (CV%) Schedule Variance (SV%) Variance at Completion (VAC) Variance at Completion (VAC%) Are we under or over budget? Are we ahead or behind Schedule? Are we under or over budget? Are we ahead or behind Schedule? Will we be under or over budget? Will we be under or over budget? What is theproject likely to cost? Assumes past performance to continue Assumes future work to be performed as budgeted Assumes past estimates must be redone (and re-baselined) Considers both CPI & SPI indices When are we likely to finish work? Assumes past performance to continue Assumes future work to be performed as budgeted EAC is Atypical, but orig. estimates were flawed

Forecast:
Estimated Cost at Completion (EAC) - Typical variance Estimated Cost at Completion (EAC) - Atypical variance Estimated Cost at Completion (EAC) - Based on new ETC Estimated Cost at Completion (EAC) - CPI*SPI Time Estimate at Completion (EACt) Estimated To Complete (ETC) - Typical variance Estimated To Complete (ETC) - Atypical variance Estimated To Complete (ETC) EAC-AC 140,000.00 Monetary 147,000.00 Monetary Monetary 156,333.33 Monetary 8.17 Months 98,000.00 Monetary 105,000.00 Monetary 105,000.00 Monetary BAC/CPI AC+(BAC-EV) AC+(new ETC) AC+[(BAC-EV)/(CPI*SPI)] (BAC/SPI)/(BAC/Duration_in_months) (BAC-EV)/CPI BAC-EV EAC-AC

Performance
1.20 1.00 4,000.00 2,000.00 0.00 ( 2,000.00) ( 4,000.00) ( 6,000.00) ( 8,000.00) ( 10,000.00)

Variance
158,000 156,000 154,000 152,000 150,000

Forecast

0.80
0.60

0.40
0.20 0.00

148,000
146,000