60.0%
55.0%
Budgeted cost of scheduled work
Budgeted cost of performed work
Actual cost of performed work
Total project budget
Schedule Variance
$-5,000
Behind
Cost Variance
$-7,000
Over budget
SPI
0.92
Behind schedule
CPI
0.89
Over budget
TCPI
0.89
Required efficiency
Earned Value Curve
Variance Analysis
Performance Indices
Cost Forecast
Project Forecast
Estimate at Completion (EAC)
$112,727.273
Expected final cost
Estimate to Complete (ETC)
$50,727.273
Remaining cost needed
Variance at Completion (VAC)
$-12,727.273
Over budget at end
Project is over budget
CPI: 0.89 - For every $1 spent, you get $0.89 of value
Project is behind schedule
SPI: 0.92 - Progress is at 92% of planned rate
Task Breakdown
| Task | PV | EV | AC | SV | CV | SPI | CPI | |
|---|---|---|---|---|---|---|---|---|
| +0 | +1,000 | 1.00 | 1.07 | |||||
| -2,000 | -3,000 | 0.90 | 0.86 | |||||
| -22,000 | -4,000 | 0.45 | 0.82 | |||||
| -11,000 | -1,000 | 0.27 | 0.80 | |||||
| -10,000 | +0 | 0.00 | 0.00 | |||||
| Total | 100,000 | 55,000 | 62,000 | -45,000 | -7,000 | 0.55 | 0.89 |
Quick EVM Tips
Track Monthly
Update EVM metrics regularly for accurate forecasting
CPI is Key
CPI < 0.8 requires immediate corrective action
Watch SPI Too
Schedule delays eventually cause cost overruns