Free tool · EVM reference

Earned Value Management (EVM) Dashboard

Enter your project's BAC, PV, EV and AC to instantly calculate every key EVM metric — with colour-coded health indicators and 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: project schedule baseline. Multiply % of work planned to date by BAC. Example: if 50% was planned, PV = 50% × BAC.

Budgeted cost of work actually completed to date.

📄 Where to find it: progress reports or team updates. Multiply % of work actually completed by BAC. Example: 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 on the project so far.

Overall Project Health

Planned Value (PV)
Earned Value (EV)
Actual Cost (AC)

CPI

Cost Performance Index

EV ÷ AC

SPI

Schedule Performance Index

EV ÷ PV

CV

Cost Variance

EV − AC

SV

Schedule Variance

EV − PV

Forecasts

EAC — Estimate at Completion

BAC ÷ CPI — assumes current CPI continues for all remaining work

EAC (planned rate)

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

EAC (CPI × SPI)

AC + [(BAC − EV) ÷ (CPI × SPI)] — if both cost and schedule performance influence remaining work

ETC — Estimate to Complete

EAC − AC

VAC — Variance at Completion

BAC − EAC · Positive = under planned cost · Negative = over planned cost

TCPI (BAC)

(BAC − EV) ÷ (BAC − AC) — efficiency needed to finish within original budget

TCPI (EAC)

(BAC − EV) ÷ (EAC − AC) — efficiency needed to finish within revised EAC

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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 of budgeted resources. 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

Measure of schedule performance expressed as the difference between earned value and planned value.

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

EAC · Estimate at Completion

BAC ÷ CPI

CPI expected to remain same for remainder

AC + (BAC − EV)

Future work at planned rate

AC + [(BAC−EV) ÷ (CPI × SPI)]

Both CPI and SPI influence remaining work

TCPI · To-Complete Performance Index

(BAC − EV) ÷ (BAC − AC)

Efficiency needed to complete within original BAC

(BAC − EV) ÷ (EAC − AC)

Efficiency needed to complete within revised EAC

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

VAC · Variance at Completion

BAC − EAC

Projection of the amount of 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, assuming work proceeds as planned.

Alternative: reestimate remaining work from the bottom up.

Always verify against your organisation's reporting standards.