EVM - Examples

To illustrate the concept of EVM and all the formulas, assume a project that has exactly one task. The task was baselined at 8 hours, but 11 hours have been spent and the estimate to complete is 1 additional hour. The task would have been completed already.

Assume an Hourly Rate of \$100 per hour.

Using this information -

PV or BCWS = Hourly Rate × Total Hours Planned or Scheduled

PV = \$100 × 8 hours = \$800

AC or ACWP = Hourly Rate × Total Hours Spent

AC = \$100 × 11 hours = \$1100

EV or BCWP = Baselined Cost × % Complete Actual

EV = baseline of \$800 × 91.7% complete = \$734

(NOTE % Complete Actual (below) to get the 91.7%)

BAC = Baselined Effort − hours × Hourly Rate

BAC = 8 hours × \$100 = \$800

EAC = AC + ETC

EAC = 1100 + 100 = \$1200

VAC = BAC − EAC

VAC = \$800 − \$1200 = −\$400

% Completed Planned = PV ⁄ BAC

% Complete Planned = \$800 PV ⁄ \$800 BAC = 100%

% Completed Actual = AC ⁄ EAC

% Complete Actual = \$1100 AC ⁄ \$1200 EAC = 91.7%

SV = Earned Value (EV) − Planned Value (PV)

SV = \$734 EV − \$800 PV = −\$66

SPI = Earned Value (EV) ⁄ Planned Value (PV)

SPI = \$734 EV ⁄ \$800 PV = 0.91

CV = Earned Value (EV) − Actual Cost (AC)

CV = (\$734 EV − \$1100 AC) = −\$366*

* indicates a cost overrun

CPI = Earned Value (EV) ⁄ Actual Cost (AC)

CPI = \$734 EV ⁄ \$1100 AC = 0.66*

* indicates over-budget

Useful Video Courses

Video

Learn Python Programming in 100 Easy Steps

136 Lectures 11 hours

Video

Learn Java Programming for Beginners in 250 Easy Steps﻿

288 Lectures 25 hours

Video

Learn C++ Pointers with Visual Studio 2017

14 Lectures 57 mins

Video

Mathematics for Data Science and Machine Learning using R

Most Popular

64 Lectures 10.5 hours

Video

React and Redux: Learn By Building Real World Projects

56 Lectures 12.5 hours

Video

Java Essentials : Learn Core Java From Basic to Advance

53 Lectures 9 hours