Earned Value Management (EVM) Dashboard

Enter 4 numbers from your project and instantly see if you're on track for budget and schedule — with colour-coded results and a cost forecast at completion.

Project Values

Enter amounts in any currency — the dashboard works with the ratios.

Total approved budget for the project.

📄 Where to find it: project charter, approved budget baseline, or signed contract value.

Budgeted cost of work scheduled to be done by today.

📄 Where to find it: schedule baseline. Multiply % planned to date by BAC. If 50% was planned, PV = 50% × BAC.

Budgeted cost of work actually completed to date.

📄 Where to find it: progress reports. Multiply % actually done by BAC. If 45% is done, EV = 45% × BAC.

Real cost incurred for work completed to date.

📄 Where to find it: accounting system, timesheets, invoices, or cost reports — all costs spent so far.

Project Status

Forecast Final Cost

Budget:

Cost Efficiency

CPI = EV ÷ AC

SPI

Schedule

CV

Cost Variance

EV − AC

SV

Schedule Var.

EV − PV

Supporting Forecasts

ETC — Remaining Cost

How much more budget you'll need to finish.

VAC — Budget Impact

Projected savings or overrun at completion.

Scenario Analysis

Alternative EAC formulas · TCPI

Not sure which EAC to use? Start with EAC (BAC ÷ CPI) shown above — it's the most common and assumes your current efficiency continues to the end.

EAC (planned rate)

AC + (BAC − EV) — if remaining work proceeds at the original planned rate

EAC (CPI × SPI)

AC + [(BAC − EV) ÷ (CPI × SPI)] — weighted for both cost and schedule inefficiency

TCPI (BAC)

Efficiency needed to stay within original budget.

TCPI (EAC)

Efficiency needed to hit the revised forecast.

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EVM Formula Reference

A quick reference for every key EVM metric.

CPI · Cost Performance Index

EV ÷ AC

Measure of cost efficiency. A CPI of 1.0 means the project is exactly on budget.

> 1.0 = Under planned cost · = 1.0 = On planned cost · < 1.0 = Over planned cost

SPI · Schedule Performance Index

EV ÷ PV

Measure of schedule efficiency. An SPI of 1.0 means the project is exactly on schedule.

> 1.0 = Ahead of schedule · = 1.0 = On schedule · < 1.0 = Behind schedule

CV · Cost Variance

EV − AC

Amount of budget deficit or surplus at a given point in time.

Positive = Under planned cost · Neutral = On planned cost · Negative = Over planned cost

SV · Schedule Variance

EV − PV

Difference between earned value and planned value — in cost terms.

Positive = Ahead of schedule · Neutral = On schedule · Negative = Behind schedule

EAC · Estimate at Completion

BAC ÷ CPI

Primary — assumes current efficiency holds

AC + (BAC − EV)

Future work at planned rate

AC + [(BAC−EV) ÷ (CPI × SPI)]

Both cost and schedule influence remaining work

TCPI · To-Complete Performance Index

(BAC − EV) ÷ (BAC − AC)

Efficiency needed to finish within original BAC

(BAC − EV) ÷ (EAC − AC)

Efficiency needed to finish within revised EAC

> 1.0 = Harder · = 1.0 = Same · < 1.0 = Easier

VAC · Variance at Completion

BAC − EAC

Projection of the budget deficit or surplus at project completion.

Positive = Under planned cost · Neutral = On planned cost · Negative = Over planned cost

ETC · Estimate to Complete

EAC − AC

Expected cost to finish all remaining project work.

Alternative: reestimate remaining work from the bottom up.

Always verify against your organisation's reporting standards.