EVM Formulas

Question 1

Cost Variance

Answer 1

CV = EV - AC

Negative values indicate over budget

Question 2

Cost Performance Index

Answer 2

CPI = EV / AC

This value should be 1 and over for projects under budget.

Question 3

Schedule Variance

Answer 3

SV = EV - PV

Negative values indicate behind schedule

Question 4

Schedule Performance Index

Answer 4

SPI = EV / PV

This value should be 1 and over for a project to be ahead of the schedule.

Question 5

TCPI

Answer 5

TCPI = (BAC – EV) / (BAC-AV)

Question 6

Estimate At Completion

Answer 6

EAC = BAC / CPI

Question 7

Estimate To Complete

Answer 7

ETC = EAC - AC

Question 8

Variance At Completion

Answer 8

VAC = BAC - EAC

Question 9

Planned Value

Answer 9

PV= Planned % Complete x BAC

Question 10

Earned Value

Answer 10

EV= Actual % Complete x BAC