Earned Value Management Formulas

Question 1

EV [Earned Value]
also
BCWP [Budgeted Cost of Work Performed]

Answer 1

EV = % Complete * BAC

Question 2

CV [Cost Variance]

Answer 2

CV = EV - AC

Positive Value ⇒ Good

Question 3

SV [Schedule Variance]

Answer 3

SV = EV - PV

Positive Value ⇒ Good

Question 4

CPI [Cost Performance Index]

Answer 4

CPI = EV / AC

Value > 1 ⇒ Good

Question 5

SPI [Schedule Performance Index]

Answer 5

SPI = EV / PV

Value > 1 ⇒ Good

Question 6

EAC (1) [Estimate at Completion]

Answer 6

EAC (1) = BAC / CPI

Bigger Value ⇒ Good

Question 7

EAC (2) [Estimate at Completion]

Answer 7

EAC (2) = BAC + AC - EV

Bigger Value ⇒ Good

Question 8

EAC (3) [Estimate at Completion]

Answer 8

EAC (3) = new_estimate + AC

Bigger Value ⇒ Good

Question 9

EAC (4) [Estimate at Completion]

Answer 9

EAC (4) = AC + (BAC - EV) / (CPI * SPI)

Bigger Value ⇒ Good

Question 10

ETC [Estimate to Completion]

Answer 10

ETC = EAC - AC

Smaller Value ⇒ Good

Question 11

VAC [Variance at Completion]

Answer 11

VAC = BAC - EAC

Positive Value ⇒ Good

Question 12

TCPI [To-Complete Performance Index]

Answer 12

TCPI = (BAC - EV) / (BAC - AC)

Value < 1 ⇒ Good