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 Earned Value Planned Value Cost Variance

Cost Performance Index

Schedule Variance Schedule Performance Index Estimate to Completion

Abbrev. Description BAC Baseline cost for 100% of project. Total costs actually incurred so far. AC Amount of budget earned so far based on physical work accomplished, without reference to actual costs. EV The budget for the physical work scheduled to be completed by the end of the time period. PV Measure of cost overrun. The difference between the budget for the work actually done so far and the actual costs so far. CV 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. CPI Measure of schedule slippage. The difference between the budget for the work actually done so far and the budgeted cost of work scheduled. SV The schedule efficiency ratio. An SPI of 1.0 means that the project is exactly on schedule. SPI ETC The expected additional cost to complete.

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

Estimate at Completion

EAC

Expected total cost based on the current cost efficiency ratio.

Variance at Completion

VAC

Estimated cost overrun at the end of project.

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

Project Earned Value Analysis <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 $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) RED May $1,400 $750 $800 $725 ($50) $25 0.94 1.03 $693 $1,493 ($93) YELLOW New baseline set 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

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Trend Analysis

Earned Value Analysis

$1,800 $1,600 $1,400 $1,200 $ (000) $1,000 $800 $600
$400

$200 $0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Period
Budget at Completion (BAC) Earned Value (EV) Actual Cost (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 Index (CPI) Schedule Performance Index (SPI)

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Trend Analysis

Variance Analysis
$50 $0 ($50) ($100) $ (000) ($150) ($200) ($250) ($300) ($350) ($400) ($450) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Period
Cost Variance (CV) 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

Budget at Completion (BAC)

Estimate at Completion (EAC)

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