Earned Value Management

A short guide to Earned Value Management (EVM) with formulas and sample exercises

The following presentation describes:

  • Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS)
  • Earned Value (EV) or Budgeted Cost of Work Performed (BCWP)
  • Actual Cost (AC) or Actual Cost of Work Performed(ACWP)
  • Schedule Variance (SV)
  • Cost Variance (CV)
  • Schedule Performance Index (SPI)
  • Cost Performance Index (CPI)
  • Budget At Completion (BAC)
  • Estimate To Complete (ETC)
  • Estimate At Completion (EAC)
  • To-Complete Performance Index (TCPI)
Last updated: January 09, 2024