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Resenting Arned Alue: Successfully
Resenting Arned Alue: Successfully
t/ Tasks
Contra
Successfully
Totals
Oct obe
Summa ry
Decem
Progra m Revie w
ber Budget $4,025.0 0 $950.00 $300.00 $400.00 $250.00 $1,300.0 0 $725.00 ACWP Spe ndi ng $1,375.0 0 $725.00 $743.50 $200.00 $235.71 $350.00 $321.74 $175.00 $186.05 $500.00 $836.56 $200.00 $483.33 $100.00 $109.29 $200.00 $243.94 BCW Ear ned P Value $2,585.6 2
Status
PRCNT CMPLT 64.2% 78.3% 78.6% 80.4% 74.4% 64.4% 66.7% 48.6% 69.7%
Task 1-C
Task 2-B
Task 2-C
Value $4,000.0 0 $3,000.0 0 $2,000.0 0 $1,000.0 0 $0.00
$225.00 $350.00
Total t Budge
CV $431 ($50)
CPI 1.27
$267 $0 $0
$64 $61
$23 $18
1.12
Review ve 1.3
CPI abo
Com plete
Earned Value has been used since the 1960s by the Department of Defense as a central part of the C/SCSC (Cost/Schedule Control Systems Criteria). Recently, the DOD revised the 35 criteria contained in the C/SCSC and produced the 32 criteria for EVMS (Earned Value Management Systems). These criteria have since been accepted by the American National Standards Institute/ Electronic Industry Association as a new standard, called ANSI/EIA 748. Now, EVM is being used in a wider variety of government contracts, and is spreading through the private sector as a valuable tool for project managers.
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page 2
Budget-at-Completion
$2,500.00
$2,000.00
$1,500.00
$1,000.00
$500.00
$0.00 Budget AC
$2,500.00
$2,000.00
Figure 1
$1,500.00
$1,000.00
$500.00
In Figure 2, the project has spent $1000 in actual costs but has only achieved $750 of Earned Value. This is called a cost overrun, and this project would have a Cost Variance (CV) of -$250.
$0.00 EV Budget AC
Figure 2
From this example, we can see that EVM expands on the two-dimensional analysis Has this project spent more or less money than planned? by adding the third dimension What did we get for the money we spent?
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page 3
Contract Review
Earned Value Report
Project / Tasks
Totals for Project Task 1 Task 1-A Task 1-B Task 1-C
2002 October November December
$4,000.00
BAC
$4,025.0 $950.0 $300.0 $400.0 $250.0
AC
$1,375.00 $725.00 $200.00 $350.00 $175.00
Once these three measurements have been established, the following calculations can be performed: Earned Value (EV) = BAC x Percent Complete. The budgeted cost of completed work as of the current date. Planned Value (PV) = The point along the time-phased budget that crosses the current date. Shows the budgeted cost of scheduled work as of the current date.
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page 4
November
7 8 9 10
December
11 12 13 14
BAC
$4,025 $950 $300 $400 $250
DATE LINE
BAC
$4,000.00
$3,500.00
$3,000.00
PV
$2,500.00
...or use an easy-to-read DataGraph for at-a-glance visual analysis of project trends.
EV
$2,000.00
$1,500.00
$1,000.00
AC
$500.00
Summary
Program Review
Status
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page 5
October
$3,500.00
$3,000.00
$2,500.00
In Figure 6, the project shown has a negative SV, because it has earned less value than was planned, as of the current date. However, it has a positive CV, because the Earned Value is greater than the Actual Costs accrued.
$2,000.00
$1,500.00
$1,000.00
$500.00
Figure 6
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page 6
Performance Review
Tasks
Project A BAC
March $850
2004
April May
CPI
1.08
SPI
0.81
Task 1
$350
$195
$260
$150
1.30
0.75
Task 2
$500
$75
$75
$100
0.75
1.00
Figure 7
In Figure 7, Project A has a CPI greater than 1.00. This shows us that the project has been earning value faster than it has been accruing costs. However, Project A also has a SPI value that is less than 1.00. Although Actual Costs are low, Task 1 is behind schedule, so the project has not earned as much value as was planned.
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page 7
Performance Review
Tasks
Project A Task 1 Task 2 Task 3 Task 4 Task 5 Task 6 Task 7 BAC
$2,975.0 $300.0 $400.0 $250.0 $725.0 $400.0 $350.0 $550.0 Planned Value Earned Value Budget Actual Costs
EAC
2,355.70 350.00 440.00 313.09 257.13 189.80 314.66 491.02
VAC
March -619.30 50.00 40.00
2004
April May $3,000.00
AC
$1,615.00 $350.00 $440.00 $2,000.00 $175.00 $1,500.00 $200.00 $1,000.00 $100.00 $200.00 $150.00 $0.00
EV
$2,004.73 $300.00 $400.00 $139.53 $563.89 $210.53 $222.73 $168.06
TCPI
0.71 0.00 0.00 1.47 0.31 0.63 0.85 0.95
CPI
1.24 0.86 0.91 0.80 2.82 2.11 1.11 1.12
$2,500.00
$500.00
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page 8
Tasks
Project A
3/10
May
Total Budget
$2,975.0
Task 1 Task 2
$300.0
Task 3 Task 4
(1) (3)
Status Incomplete Task Completed Task
(2)
$400.0
$250.0
$725.0
Task 5 Task 6
$400.0
$350.0
Task 7
$550.0
Started Task
Allocate the Budget and Schedule the Tasks Each activity in the project should have a planned Budget-at-Completion (BAC). All subsequent earned value calculations will be based on this amount (2). In addition to the BAC, each task should also have a specic duration (3), which provides the basis for monitoring actual costs and physical progress.
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page 9
Tasks
Project A Task 1 Task 2 Task 3 Task 4 Task 5 Task 6 Task 7 Status
2004
March April May
5/8
Total Budget
$2,975.00
AC
$1,575.00
100%
$300.00
(5)
$350.00
100%
$400.00
$400.00
51%
$250.00
$175.00
(4)
78% $725.00 $200.00 47% $400.00 $100.00
73%
$350.00
$200.00
14%
$550.00
$150.00
Incomplete Task
Completed Task
Started Task
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page 10
March
Total Budget
$2,975.0 $300.0 $400.0
BCWS
$1,739.90 $300.00 $400.00 $127.91 $456.48 $189.47 $159.09 $106.94
ACWP Spending
$1,575.00 $350.00 $400.00 $175.00 October $200.00 $100.00 $200.00 $150.00
BCWP E Value
$2,004.73
PRCNT CMPLT
$725.0 SV $225.0
Contract Review
Project /
$3,000.00$250.0 Tasks $1,500.00
$550.0 $300.00 Final 100.0% $0.00 $800.0 Review $425.0 $400.00 100.0% $0.00
BAC
$4,025.0 $950.0 $300.0
AC
$1,375.00 $725.00 $200.00 $350.00 $175.00 $500.00 $200.00 $100.00 $200.00 $150.00 $150.00 $0.00 $0.00
EV
$2,563.59 $743.50 $235.71 $321.74 $186.05 $836.56 $483.33 $109.29 $243.94 $983.53 $358.14 $480.00 $145.39
%
63.7% 78.3% 78.6% 80.4% 74.4% 64.4% 66.7% 48.6% 69.7% 55.4% 65.1% 60.0% 34.2%
2.82
$4,000.00
Task 5 Task 6
Task 1
$400.0 $350.0
Program Review
Status
$400.0 $250.0
Task 7
Task 1-C
PV EV BAC AC $3,000.00 $2,000.00 $1,000.00 $0.00 Schedule Variance $500.00 Cost Variance $350.00 $200.00 $50.00 ($100.00)
$550.0
1.57
$2,500.00
Summary
Status
$2,000.00
Completed Task
$350.0
Incomplete Task
Task 3 Task 3-A Task 3-B Task 3-C
Earned Value Budget Spending
$1,775.0 $550.0
Program Review
CPI below 1
$500.00 Final Review $0.00
$800.0 $425.0
Summary
Program Review
Status
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page 11
Earned Value = Budget x % Complete Planned Value = Total Budget x % duration to the current date
2005
March April May
5/8 $3,000.00
BAC
$2,975 $300 $400 $250 $725 $400 $350
Planned Value
$1,809 $300 $400 $134 $483 $200 $170
Actual Costs
$1,575.0 $350.0 $400.0 $175.0 $200.0 $100.0 $200.0
Earned Value
$2,005 $300 $400 $140 $564 $211 $223
Status
Incomplete Task
Completed Task
Started Task
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page 12
2005
March April May
5/8
Total Budget
$2,975.00 $300.00 $400.00 $250.00 $725.00 $400.00 $350.00 $550.00
Planned Value
$1,808.97 $300.00 $400.00 $133.72 $483.33 $200.00 $169.70 $122.22
Actual Costs
$1,575.00 $350.00 $400.00 $175.00 $200.00 $100.00 $200.00 $150.00
Earned Value
$2,004.73 $300.00 $400.00 $139.53 $563.89 $210.53 $222.73 $168.06
Summary
$2,000.00 $1,000.00 $0.00
Status
Completed Task
SV CV
Incomplete Task
Program Review
CPI below 1
Contract Review
Earned Value Report
Project / Tasks
Totals for Project Task 1 Task 1-A Task 1-B Task 1-C Task 2 Task 2-A Task 2-B Task 2-C Task 3 Task 3-A Task 3-B Task 3-C
Earned Value Budget Spending 2005 October November
Summary
Program Review
Budget Actual Costs $1,375.00 $725.00 $200.00 $350.00 $175.00 $500.00 $200.00 $100.00 $200.00 $150.00 $150.00 $0.00 $0.00
Status
Earned Value $2,585.62 $743.50 $235.71 $321.74 $186.05 $836.56 $483.33 $109.29 $243.94 $1,005.56 $358.14 $480.00 $167.42 PRCNT CMPLT 64.2% 78.3% 78.6% 80.4% 74.4% 64.4% 66.7% 48.6% 69.7% 56.7% 65.1% 60.0% 39.4%
December $4,025.00 $950.00 $300.00 $400.00 $250.00 $1,300.00 $725.00 $225.00 $350.00 $1,775.00 $550.00
Final Review
$800.00 $425.00
$4,000.00 $3,000.00 $2,000.00 $1,000.00 $0.00 Contracts review: 11-30-02 Sign Off: _________________
Successfully
Performance Review
Project/ Tasks
Project ABC
page 13
2005
March April May $3,000.00
Total Budget
$2,975.0
Planned Value
$1,808.97
Actual Costs
$1,575.00
Earned Value
$2,004.73
PRCNT CMPLT
SV
CV
CPI
SPI
67.4%
$195.77
$429.74
1.27
1.11
Task 1
Budget $2,500.00
$300.0
$300.00
$350.00
$300.00
100.0%
$0.00
($50.00)
0.86
1.00
Task 2
Earned Value $2,000.00
$400.0
$400.00
$400.00
$400.00
100.0%
$0.00
$0.00
1.00
1.00
Task 3
Planned Value $1,500.00
$250.0
$133.72
$175.00
$139.53
55.8%
$5.81
($35.47)
0.80
1.04
Task 4
Actual Cost
$725.0
$483.33
$200.00
$563.89
77.8%
$80.56
$363.89
2.82
1.17
Task 5
$1,000.00
$400.0
$200.00
$100.00
$210.53
52.6%
$10.53
$110.53
2.11
1.05
Task 6
$500.00
$350.0
$169.70
$200.00
$222.73
63.6%
$53.03
$22.73
1.11
1.31
Task 7
$0.00 PV EV BAC AC
Summary Completed Task
$550.0
$122.22
$150.00
$168.06
30.6%
$45.84
$18.06
1.12
1.38
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