EarnedValueWhatisEarnedValue?Amethodforassessingproject:ForecastBasedonwhatisknowntoday,wherewilltheprojectbeattheend.ProgressWhathasbeendoneverseswhatwasplannedtobedone.StatusAsnapshotoftheprojectconditionatapointintime.Howdoesitwork?TaskA10TaskB10TaskC10TaskD10DataDateHowdoesitwork?WhatisthePercentComplete?50%**Basedonschedule**TaskA10TaskB10TaskC10TaskD10DataDateHowdoesitwork?WhatisthePercentComplete?20%**Basedonwork**TaskA10$100TaskB10$100TaskC10$400TaskD10$400DataDateStatusParameters•BAC(BudgetAtCompletion)–“Whatisthetotalbudgetfortheproject.”•PV(PlannedValue)–“Howmuchworkwasplannedtobeaccomplished.”•EV(EarnedValue)–“Howmuchworkhasbeendone.”•AC(ActualCost)–“Whatdiditcosttodothework”EarnedValueAnalysisDesignBuildTest200200100DDEarnedValueAnalysisDesignBuildTest200200100DDEV20000PV2001000BAC200200100AC25000250Project500300200250GraphPV$200$250$300$500ACEVBACProjectStatusCalculationsCostVarianceCV=EV-ACScheduleVarianceSV=EV–PVCostPerformanceIndexCPI=EV/ACSchedulePerformanceIndexSPI=EV/PV=200–250=-50=200–300=-100=200/250=.80=200/300=.67ProjectStatusIndicatorsCostVarianceValuesPositive(+)meansUnderbudgetNegative(-)meansOverbudgetScheduleVariancePositive(+)meansAheadofScheduleNegative(-)meansBehindScheduleCostPerformanceIndex>1meansUnderbudget<1meansOverbudgetSchedulePerformanceIndex>1meansAheadofSchedule<1meansBehindSchedule+and>1GOOD-And<1BADStatusofSampleProjectCostVarianceCV=-50OverbudgetScheduleVarianceSV=-100BehindScheduleCostPerformanceIndexCPI=.80OverbudgetSchedulePerformanceIndexSPI=.67BehindScheduleGraphPV$200$250$300$500ACEVBACCVSVForecastingParametersEAC(EstimateAtCompletion)“Basedonwhatweknow,wherewilltheprojectbewhenfinished.”ETC(EstimateToComplete)“Whatwillitcosttocompletetheremainingwork”VAC(VarianceAtCompletion)“Howmuchofanover-runorunder-runcanbeexpected”.ForecastCalculationsEAC(EstimateAtCompletion)EAC=BAC/CPIETC(EstimateToComplete)ETC=EAC–ACVAC(VarianceAtCompletion)VAC=BAC–EAC=500/.80=625=625–250=375=500–625=-125Gra...
