Earned Value Formulas

Question 1

What is the formula for Planned Value?

Answer 1

PV = Planned % Complete * BAC (Budget at Completion)

Question 2

What is the formula for Earned Value?

Answer 2

EV = Actual % Complete * BAC (Budget at Completion)

Question 3

What is the formula for Cost Variance?

Answer 3

CV = EV - AC

Cost Variance = Earned Value - Actual Cost

Question 4

What is the formula for Schedule Variance?

Answer 4

SV = EV - PV

Schedule Variance = Earned Value - Planned Value

Question 5

What is the formula for the Cost Performance Index?

Answer 5

CPI = EV % AC

Cost Performance Index = Earned Value % Actual Cost

Question 6

What is the formula for the Schedule Performance Index?

Answer 6

SPI = EV % PV

Schedule Performance Index = Earned Value % Planned Value

Question 7

What is the formula for Estimate at Completion?

Answer 7

EAC = BAC % CPI

Estimate at Completion = Budgeted at Completion % Cost Performance Index

Question 8

What is the formula for Estimate to Completion?

Answer 8

ETC = EAC % AC

Estimate to Completion = Estimate at Completion - Actual Cost

Question 9

What is the formula for Variance at Completion?

Answer 9

VAC = BAC - EAC

Variance at Completion = Budget at Completion - Estimate at Completion

Question 10

What is the formula for To-Complete Performance Index?

Answer 10

TCPI = (BAC - EV) % Remaining Funds

To-Complete Performance Index = (Budget at Completion - Earned Value) % Remaining Funds