Earned Value Calculations Cheat Sheet

Variables in Earned Value Analysis

– Budgeted Cost for Work Scheduled (BCWS): (Planned Value PV)
– The amount you budget for a task between its start date and today
Example:
Math:
• You expected a task to take 10 days and cost $1,000
(Total Budget/total duration) *day you are on
• Today is day 3
(1,000/10)*3
• The BCWS on day 3= $300

– Budgeted Cost for Work Performed (BCWP): (Earned Value EV)

– The percentage of the task budget that corresponds to the task’s completion status
– Also known as Earned Value Math:
Example: Total Budget*Percent Complete
• The $1,000 task is only 10% complete on day 3 1,000*10%
• The BCWP = $100

– Actual Cost for Work Performed (ACWP): Actual Cost (AC)

– The actual cost of the task so far
Example:
• You have spent $500 of your $1,000 by day 3
• The ACWP = $500

Acronym Variance Calculations

CV Cost Variance BCWP — ACWP
SV Schedule Variance BCWP — BCWS
CVP Cost Variance Percentage CV  BCWP
• divides cost variance by
budgeted cost
• negative value means a
cost
overrun

SVP Schedule Variance Percentage SV  BCWS

• divides schedule variance
by budgeted cost to date
• negative value means the
work is behind schedule
EAC Estimate at Completion (Original Cost  ACWP) ÷ BCWP
• Recalculates the cost or
completion date based
on performance to date