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project earned value analysis

project earned value analysis

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06/07/2013

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Definitions
Page 1 of 4
Project Earned Value Analysis
Metric
Abbrev.
Description
Formula/Value
Budget at Completion
BAC Baseline cost for 100% of project.
N/A
Actual Cost
AC
Total costs actually incurred so far.
N/A
Earned Value
EV
N/A
Planned Value
PV
N/A
Cost Variance
CV
Cost Performance Index
CPI
Schedule Variance
SV
Schedule Performance Index
SPI
Estimate to Completion
ETC The expected additional cost to complete.
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
>1.0
YELLOW = Slightly behind schedule or budget
>0.85
RED = Needs immediate attention
>0.65
BLACK = Killed or Restore
<0.65
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.
Amount of budget earned so far based on physical work
accomplished, without reference to actual costs.
The budget for the physical work scheduled to be completed by
the end of the time period.
Measure of cost overrun. The difference between the budget for
the work actually done so far and the actual costs so far.
Earned Value\u2013Actual Cost
EV\u2013AC

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.

Earned Value/
Actual Cost
EV/AC

Measure of schedule slippage. The difference between the
budget for the work actually done so far and the budgeted cost
of work scheduled.

Earned Value\u2013Planned Value
EV\u2013PV
The schedule efficiency ratio. An SPI of 1.0 means that the
project is exactly on schedule.
Earned Value/Planned Value
EV/PV
Estimate at Completion\u2013Actual Cost
EAC\u2013AC

Budget at Completion/Cost
Performance Index
BAC/CPI

Budget at Completion\u2013Estimate at
Completion
BAC\u2013EAC

(Cost Performance Index+Schedule
Performance Index)/2
(CPI+SPI)/2

Source Data
Page 2 of 4
Project Earned Value Analysis
<ProjectNameHere>
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Budget at Completion (BAC)
$1,230
$1,230
$1,230
$1,230
$1,400
$1,400
$1,400
$1,400
$1,400
$1,400
Earned Value (EV)
$100
$200
$300
$450
$750
$800
$1,125
$1,200
$1,400
$1,400
Actual Cost (AC)
$100
$205
$315
$600
$800
$1,000
$1,200
$1,350
$1,475
$1,525
Planned Value (PV)
$100
$220
$325
$550
$725
$925
$1,175
$1,275
$1,450
$1,500
Cost Variance (CV)
$0
($5)
($15)
($150)
($50)
($200)
($75)
($150)
($75)
($125)
Schedule Variance (SV)
$0
($20)
($25)
($100)
$25
($125)
($50)
($75)
($50)
($100)
Cost Performance Index (CPI)
1.00
0.98
0.95
0.75
0.94
0.80
0.94
0.89
0.95
0.92
Schedule Performance Index (SPI)
1.00
0.91
0.92
0.82
1.03
0.86
0.96
0.94
0.97
0.93
Estimate to Completion (ETC)
$1,130
$1,056
$977
$1,040
$693
$750
$293
$225
$0
$0
Estimate at Completion (EAC)
$1,230
$1,261
$1,292
$1,640
$1,493
$1,750
$1,493
$1,575
$1,475
$1,525
Variance at Completion (VAC)
$0
($31)
($62)
($410)
($93)
($350)
($93)
($175)
($75)
($125)
GREEN
YELLOW
YELLOW
RED
YELLOW
RED
YELLOW
YELLOW
YELLOW
YELLOW
Comments
Status based on Average Performance
Index
New baseline
set
Trend Analysis
Page 3 of 4
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
0.50
0.60
0.70
0.80
0.90
1.00
1.10
Performance Index
Cost Performance
Index (CPI)
Schedule Per-
formance Index
(S P I)
Period
Efficiency
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Earned Value Analysis
Budget at Comple-
tion (BAC)
Actual Cost (AC)
Earned Value (EV)
Planned Value (PV)
Period
$(000)

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