EARNED VALUE CALCULATIONS
2 years 1 month ago #4756
Thank you received: 28
Yes. Use the formulas provided through the PMBOK.
here's a quick synopis
Schedule variance: SV = EV - PV (EV is Earned Value, PV is Planned Value)
(Note that SV is always 0 at the end of the project (if the project is completed))
Cost variance: CV = EV - AC (AC is Actual Cost)
(CV at the end of the project is AC - BAC) (BAC is Budget At Completion)
(Both SV and CV should be positive. Negative schedule and cost variance means project is behind schedule and over budget respectively)
Schedule Performance Index: SPI = EV/PV
Cost Performance Index: CPI= EV/AC
If for whatever reason you run a project that doesn't cost "money", you still have some sort of schedule to follow. Use the schedule variance to determine your EV.
Michael DeCicco, PMP
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