ev worksheet
DESCRIPTION
earned valueTRANSCRIPT
![Page 1: EV Worksheet](https://reader036.vdocument.in/reader036/viewer/2022083007/563dbb4a550346aa9aabe4f5/html5/thumbnails/1.jpg)
Hover over the red dots for notes.
Answer these question first and the formulas will be calculated for you.
What is the project budget? 250,000How complete is the project? 60%
How complete should the project be? 75%How much has the project spent? $165,000
Budget at completion 250,000Actual costs 165,000Earned value 150,000Planned value 187,500Cost variance -15,000Schedule variance -37500Cost performance index 0.91Schedule performance index 0.80Estimate at completion 275,000Estimate to complete 110,000To-complete performance index (BAC) 1.18To-complete performance index (EAC) 0.91Variance at completion -25,000
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Indexes
Cost performance index
Schedule performance index
-40000
-35000
-30000
-25000
-20000
-15000
-10000
-5000
0
Variances
Cost variance
Schedule variance
![Page 3: EV Worksheet](https://reader036.vdocument.in/reader036/viewer/2022083007/563dbb4a550346aa9aabe4f5/html5/thumbnails/3.jpg)
Formula Name FormulaPlanned value Percent of where the project should beEarned value Percent of where the project isCost variance EV-ACSchedule variance EV-PVCost performance index EV/ACSchedule performance index EV/PVEstimate at completion BAC/CPIEstimate to complete EAC-ACTo-complete performance index (BAC) (BAC-EV)/(BAC-AC)To-complete performance index (EAC) (BAC-EV)/(EAC-AC)Variance at completion BAC-EAC
![Page 4: EV Worksheet](https://reader036.vdocument.in/reader036/viewer/2022083007/563dbb4a550346aa9aabe4f5/html5/thumbnails/4.jpg)
Hint Mnuemontic Someone always has to tell you where you are in the project.This is the percent complete times the BAC.1. EV always comes first.2. Variance is something minus something.3. Index is something divided by something.4. Schedule always uses planned value. Costs are always actual costs. SAccount for pennies lost on the dollar. EHow much more do you need? EWhat's left to do divided by what cash is left.What's left to do divided by the predicted amount of cash left.How far is the project likely to be upside down?
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