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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

@19300

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