4/10/2015

JobAid:EVMValues,Formulas,andDefinitions

JobAid

EVMValues,Formulas,andDefinitions
Purpose:Usethisjobaidasyouperformearnedvaluecalculationsonyourprojects.
EVMvalues,formulas,anddefinitions
Value Formula Definition

Budgetat
completion(BAC)

None

Thetotalauthorizedbudgetfor
theproject.

Plannedvalue(PV) BAC(timepassedtotalschedule
time)

Thebudgetedamounts
assignedtoworkscheduledto
havebeencompleted.

Earnedvalue(EV)

BAC(workcompletedtotalwork
required)

Thevalueofcompletedwork,
expressedintermsofthe
budgetassignedtothatwork.

Schedulevariance
(SV)

SV=EVPV

Thedifferencebetweenthe
budgetedvalueaprojecthas
earnedthroughcompletedwork
andtheplannedvalueofthis
work.Thisvalueindicates
whetherprojectworkis
proceedingasplannedinthe
schedule.

Costvariance(CV)

CV=EVAC

Thedifferencebetweenearned
valueandactualcosts,which
indicatescostperformance.

Schedule
performanceindex
(SPI)

SPI=EVPV

Theratiobetweenearnedvalue
andplannedvalue,which
representsschedule
performance.AnSPIof1
indicatestheprojectison
schedule.Avaluegreaterthan
1indicatesitisaheadof
schedule,andavaluelessthan
1indicatesitisbehindschedule.

Costperformance
index(CPI)

CPI=EVAC

Theratiobetweenearnedvalue
andactualcosts,which
representscostperformance.A
CPIvaluegreaterthan1
indicatesbetterperformance

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4/10/2015

JobAid:EVMValues,Formulas,andDefinitions

thanexpected,whereasavalue
lessthan1indicatespoor
performance.

Course:ControllingProjectCosts(PMBOKGuideFifthEdition)
Topic:EarnedValueManagement

2013SkillSoftIrelandLimited

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