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Practical Earned Value Cheat Sheet (DRAFT) by

A quick reference guide about Earned Value, the formulas related to it and how to measure it.

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Earned Value Management

Earned Value
EV
Budget cost for work done
Actual Cost
AC
Actual cost of the work accomp­lished
Planned Value
PV
Authorised budget for work scheduled
Estimate To Complete
ETC
How much more do we expect to cost to finish the project (a forecast)
Estimate At completion
EAC
Expect­ation of the total project to cost (a forecast)
Budget at completion
BAC
Budget for the total project effort
Variance Et Completion
VAC
How much over or under the budget do we expect to be at the end of the project
   

Perfor­mance indicators

Schedule Variance
SV = EV-PV
Measure of Schedule perfor­mance. <0 indicates delay.
Cost Variance
CV = EV-AC
Measure of cost perfor­mance. <0 indicates cost overrun
Schedule Perfor­mance Index
SPI = EV/EV
Measure of progress achieved. <1 indicates delay
Cost Perfor­mance Index
CPI = EV/AC
Measure of Value of the work completed. <1 indicates cost overrun
To Complete Perfor­mance Index
TCPI = (BAC-E­V)/­(BA­C-AC)
Measure of cost perfor­mance o be achieved on remaining work to meet project objectives
Estimate To Complete
ETC = EAC-AC
Estimated cost of remaining work