Earned Value Management (EVM) Calculator
Calculate Earned Value Management (EVM) using our easy to use simple Earned Value Management Formula & Calculator. Earned Value Management (EVM) is a project management technique to measure project performance and progress by combining project scope, schedule and project cost.
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Earned Value Management (EVM) Calculator Details
What is Earned Value Management (EVM)?
Use our Earned Value Management (EVM) calculator to find Earned Value Management, a project management technique for measuring project performance and schedule progress.
Learn about the various calculations, metrics and data points used in EVM.
Planned Value (PV) – Authorized budget assigned to scheduled work
PV = Total Planned Cost * (% Completed Planned)
Earned Value (EV) – Measure of the work performed i.e. authorized budget for that work
EV = Total Planned Cost * (% Completed Actual)
Cost Variance (CV) – Difference between earned value(EV) and actual cost (AC).
CV = EV – AC (Actual Cost)
- A positive CV is indicative of an under budget
- A negative CV is indicative of an over budget.
CV % = CV/EV
Schedule Variance (SV) – Measure of schedule performance i.e. difference between the earned value and the planned value.
SV = EV – PV
- A positive SV is indicative of an ahead of schedule
- A negative SV is indicative of behind schedule.
Cost Performance Index (CPI) – Measure of the efficiency of expenses expended on a project.
CPI = EV/AC
Schedule Performance Index (SPI) –
SPI = EV/PV
Estimate to Complete (ETC) – Expected cost to accomplish all the remaining project work.
ETC = EAC – AC
ETC = (Total Planned Cost – EV)/CPI
Estimate at Completion (EAC)
EAC = AC + ((Total Planned Cost – EV)/CPI)