Definitions
Metric Abbrev.
Budget at Completion
Actual Cost of Work Performed
Budgeted Cost of Work
Performed
Budgeted Cost of Work
Scheduled
Cost Variance
Cost Performance Index
Schedule Variance
Schedule Performance Index
Estimate to Completion
Estimate at Completion
Variance at Completion
Status
Description Formula/Value
BAC Baseline cost for 100% of project. N/A
ACWP Total costs actually incurred so far. N/A
Amount of budget earned so far based on physical work
BCWP accomplished, without reference to actual costs. N/A
The budget for the physical work scheduled to be completed by
BCWS the end of the time period. N/A
Budgeted Cost of Work Performed–
Measure of cost overrun. The difference between the budget for Actual Cost of Work Performed
CV the work actually done so far and the actual costs so far. BCWP/ACWP
Budgeted Cost of Work Performed/
Cost efficiency ratio. A CPI of 1.00 means that the costs so far Actual Cost of Work Performed
CPI are exactly the same as the budget for work actually done so far. BCWP/ACWP
Measure of schedule slippage. The difference between the Budgeted Cost of Work Performed–
budget for the work actually done so far and the budgeted cost Budgeted Cost of Work Sceduled
SV of work scheduled. BCWP–BCWS
The schedule efficiency ratio. An SPI of 1.0 means that the
SPI project is exactly on schedule. BCWP/BCWS
Estimate at Completion–Actual Cost
Work Performed
ETC The expected additional cost to complete. EAC–ACWP
Budget at Completion/Cost Performance
Index
EAC Expected total cost based on the current cost efficiency ratio. BAC/CPI
Budget at Completion–Estimate at
Completion
VAC Estimated cost overrun at the end of project. BAC–EAC
(Cost Performance Index+Schedule
Performance Index)/2
Average of CPI & SPI. (CPI+SPI)/2
GREEN = On track >1.0
YELLOW = Slightly behind schedule or budget >0.85
RED = Needs immediate attention >0.65
BLACK = Killed or Restore <0.65
Page 1 of 4
 Analysis

Project Earned Value Analysis

<ProjectName>

EVA Review Dates >>>>>>>>>>>>> Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Budget at Completion (BAC) £1,230 £1,320 £1,320 £1,320 £1,500 £1,500 £1,500 £1,500 £1,500 £1,500
BCWP - Budgeted Cost of Work Performed £100 £300 £400 £550 £850 £900 £1,200 £1,300 £1,450 £1,300
ACWP - Actual Cost of Work Performed £100 £250 £400 £700 £900 £1,100 £1,300 £1,400 £1,600 £1,700
BCWS - Budgeted Cost of Work Scheduled £100 £300 £425 £700 £900 £925 £1,300 £1,600 £1,450 £1,500
Cost Variance (CV) £0 £50 £0 -£150 -£50 -£200 -£100 -£100 -£150 -£400
CV % 0% 17% 0% -27% -6% -22% -8% -8% -10% -31%
Schedule Variance (SV) £0 £0 -£25 -£150 -£50 -£25 -£100 -£300 £0 -£200
SV % 0% 0% -6% -21% -6% -3% -8% -19% 0% -13%
Cost Performance Index (CPI) 1.00 1.20 1.00 0.79 0.94 0.82 0.92 0.93 0.91 0.76
Schedule Performance Index (SPI) 1.00 1.00 0.94 0.79 0.94 0.97 0.92 0.81 1.00 0.87
Estimate to Completion (ETC) £1,130 £850 £920 £980 £688 £733 £325 £215 £55 £262
Estimate at Completion (EAC) £1,230 £1,100 £1,320 £1,680 £1,588 £1,833 £1,625 £1,615 £1,655 £1,962
Variance at Completion (VAC) £0 £220 £0 -£360 -£88 -£333 -£125 -£115 -£155 -£462
Status based on Average Performance Index GREEN GREEN YELLOW RED YELLOW YELLOW YELLOW YELLOW YELLOW RED

Status Update New

baseline set

Page 2 of 4
 Performance Graphs

Earned Value Analysis

£1,800

£1,600

£1,400

£1,200

£1,000
$ (000)

£800

£600

£400

£200

£0
Jan Feb Budget
Marat Completion
Apr ACWP - Actual
May Jun Cost of
Jul BCWPAug- Budgeted
Sep BCWS
Oct - Budgeted
(BAC) Work Performed Cost of Work Cost of Work
Period Performed Scheduled

Performance Index
1.30

1.20

1.10

1.00
Efficiency

0.90

0.80

0.70

0.60

0.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Cost Performance Schedule Performance
Index (CPI) Period
Index (SPI)

Page 3 of 4
 Performance Graphs

Variance Analysis
£300

£200

£100

£0
$ (000)

-£100

-£200

-£300

-£400

-£500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Cost Variance (CV) Schedule Variance Variance at
(SV) Period
Completion (VAC)

Estimate at Completion
£2,100

£2,000

£1,900

£1,800

£1,700

£1,600
$(000)

£1,500

£1,400

£1,300

£1,200

£1,100

£1,000
JanBudget Feb Mar
at Completion Apr at May
Estimate Jun Jul Aug Sep Oct
(BAC) Completion (EAC)
Period

Page 4 of 4