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
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Mary Kathrine Padua, ERIC BARTLETT, Gail Freedman, Kevin Nason, Steven Mudrinich, PMP, Mark Wuenscher, PMP, John Wolverton, Tracy Shagnea, PMP, Jada Garrett
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.