Download - Project Earned Value
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Definitions
Project Earned Value Analysis
Metric Abbrev. Description Formula/Value
Budget at Completion BAC Baseline cost for 100% of project. N/A
Actual Cost AC Total costs actuall incurred so far. N/A
!arned "alue !" N/A
Planned "alue P" N/A
Cost "ariance C"
Cost Performance #nde$ CP#
c&edule "ariance "
c&edule Performance #nde$ P#
!stimate to Completion !TC T&e e$pected additional cost to complete.
!stimate at Completion !AC !$pected total cost 'ased on t&e current cost efficienc ratio.
"ariance at Completion "AC !stimated cost o(errun at t&e end of project.
tatus A(erage of CP# ) P#.*+!!N , -n trac 1.0
!-2 , lig&tl 'e&ind sc&edule or 'udget 0.3
+!D , Needs immediate attention 0.5
BAC6 , 6illed or +estore 70.5
Project !arned "alue Analsis measures t&e &ealt& of a project ' looing at cost information and sc&edule information concurrentl. #t tells ou 8&et&er t&e pon sc&edule and on 'udget9 as 8ell as 8&et&er t&e project is on 'udget for t&e amount of 8or done so far.
Amount of 'udget earned so far 'ased on p&sical 8oraccomplis&ed9 8it&out reference to actual costs.
T&e 'udget for t&e p&sical 8or sc&eduled to 'e completed 't&e end of t&e time period.
:easure of cost o(errun. T&e difference 'et8een t&e 'udget fort&e 8or actuall done so far and t&e actual costs so far.
!arned "alue;Actual Cos!";AC
Cost efficienc ratio. A CP# of 1.00 means t&at t&e costs so farare e$actl t&e same as t&e 'udget for 8or actuall done so far.
!arned "alue/Actual Cost
!"/AC
:easure of sc&edule slippage. T&e difference 'et8een t&e'udget for t&e 8or actuall done so far and t&e 'udgeted costof 8or sc&eduled.
!arned "alue;Planned "alu!";P"
T&e sc&edule efficienc ratio. An P# of 1.0 means t&at t&eproject is e$actl on sc&edule.
!arned "alue/Planned "alu!"/P"
!stimate at Completion;Actual!AC;AC
Budget at Completion/CosPerformance #nde$
BAC/CP#
Budget at Completion;!stimaCompletionBAC;!AC
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ource Data
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Project Earned Value Analysis
@100 @?00 @00 @40 @0 @300
Actual Cost @100 @?0 @1 @500 @300 @19000
Planned "alue
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Trend Analsis
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an Ee' :ar Apr :a un ul Aug ep -ct0.0
0.50
0.0
0.30
0.0
1.00
1.10
Per*ormance +nde,
Cost Performance #nde$ c&edule Performance #nde$
Period
E**icienc
y
an Ee' :ar Apr :a un ul Aug ep -ct
@0
@?00
@400
@500
@300
@19000
@19?00
@19400
@19500
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Earned Value Analysis
Budget at Completion Actual Cos t
!arned "alue
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Trend Analsis
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an Ee' :ar Apr :a un ul Aug ep -ct
@0
@0
Variance Analysis
Cost "ariance