Earned Value Analysis Calculator
Introduction & Importance
Earned Value Analysis (EVA) is a project management technique used to measure project performance and progress. It’s crucial for understanding if a project is on track, under budget, or over budget.
How to Use This Calculator
- Enter the budget, planned value, actual cost, and earned value.
- Click ‘Calculate’.
- View the results and chart below.
Formula & Methodology
The key metrics calculated are Cost Variance (CV), Schedule Variance (SV), Cost Performance Index (CPI), and Schedule Performance Index (SPI).
Real-World Examples
Data & Statistics
| Project | CV | SV | CPI | SPI |
|---|---|---|---|---|
| Project A | … | … | … | … |
Expert Tips
- Regularly update EVA metrics to monitor progress.
- Use EVA to identify trends and make data-driven decisions.
Interactive FAQ
What is Earned Value?
Earned Value is the value of work done expressed in terms of the approved budget for that work.
Learn More
For more information, see these authoritative sources:
PMBOK Guide and NASA’s PM Guide.