Tools › Project Management › Schedule › Earned Value › Example
DOE EVM Tutorial Module 6: ACME Home Building status and estimates at completion
| Tool | Earned Value |
| Source | U.S. Department of Energy, Office of Project Management (n.d.). Earned Value Management Tutorial Module 6: Metrics, Performance Measurements and Forecasting. Prepared by Booz Allen Hamilton. ACME Home Building example, pp. 17–48. |
| Level | Professional |
Problem
As of 31 January the ACME Home Building project has a planned value of 38,269, an earned value of 33,149 and an actual cost of 32,400 against a budget at completion of 165,467; the bottom-up estimate of the remaining work is 133,169. Compute the cost and schedule variances with their percentages, CPI and SPI, the estimate at completion by the bottom-up method and by the three index formulas, and the variance at completion.
Inputs to Enter
- BAC 165,467; bottom-up ETC 133,169
- One cumulative period row: 1 38269 33149 32400 (status period 1)
Answers
- CV = 749 (2.3 % of EV), SV = −5,120 (−13.4 % of PV); CPI = 1.02, SPI = 0.87
- EAC = AC + ETC = 32,400 + 133,169 = 165,569, VAC = −102 (tutorial pp. 36–38)
- Index EACs: tool 161,728 exact for BAC/CPI = AC + (BAC − EV)/CPI; tutorial 162,222 (BAC/1.02), 162,073 and 162,158 (AC/EV rounded to 0.98) from rounded indices; VAC 3,245 (p. 42)
- Percent scheduled 23.13 %, complete 20.03 %, spent 19.58 %; work remaining 132,318; TCPI to BAC = 132,318/133,067
Notes
Enter the figures as a single period in place of the default table and give the bottom-up ETC; the tutorial's three index EACs differ from each other only through its rounding of CPI and AC/EV, the exact identities make them one number.