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## What is Earned Value table?

Earned value looks **at the percentage of the work actually completed and tells us how much that work costs according to the baseline**. The cost is calculated up to the status date. … EV = baseline cost of the task multiplied by the percentage of the task completed.

## What is EV in Microsoft Project?

Earned value analysis assumes you want to see the progress on your project prior to a specific point in time that you choose. … The actual cost (AC) of this project has exceeded the budgeted cost. The **earned value** (EV) reflects the true value of the work performed.

## What is earned value formula?

Earned value represents the amount of the work that’s actually completed. It’s the value the project has produced. … As mentioned earlier here is the formula to calculate the earned value: **EV = Percent complete (actual) x Task Budget.**

## What is the earned value of the project?

Earned value (EV) is **a way to measure and monitor the level of work completed on a project against the plan**. Simply put, it’s a quick way to tell if you’re behind schedule or over budget on your project. You can calculate the EV of a project by multiplying the percentage complete by the total project budget.

## How is SPI and CPI calculated in MS project?

The cost performance index (CPI) is a measure of the conformance of the actual work completed (measured by its earned value) to the actual cost incurred: CPI = EV / AC. The schedule performance index (SPI) is a measure of the conformance of actual progress (earned value) to the planned progress: **SPI = EV / PV.**

## What is earned value analysis in project management?

Earned Value Analysis (EVA) is **an industry standard method of measuring a project’s progress at any given point in time, forecasting its completion date and final cost**, and analyzing variances in the schedule and budget as the project proceeds.

## How is EAC calculated in MS project?

Estimate at completion (EAC) is calculated as **budget at completion divided by cost performance index**. … Estimate at completion (EAC) = Budget at completion (BAC) / Cost performance index (CPI)

## How do you do an earned value analysis?

**The 8 Steps to Earned Value Analysis**

- Determine the percent complete of each task.
- Determine Planned Value (PV).
- Determine Earned Value (EV).
- Obtain Actual Cost (AC).
- Calculate Schedule Variance (SV).
- Calculate Cost Variance (CV).
- Calculate Other Status Indicators (SPI, CPI, EAC, ETC, and TCPI)
- Compile Results.

## How is SPI calculated in MS Project?

The schedule performance index (SPI) is a measure of how close the project is to being completed compared to the schedule. As a ratio it is calculated **by dividing the budgeted cost of work performed, or earned value, by the planned value**.

## What does it mean when earned value is above planned value?

Earned Value is an objective and reliable productivity measure. … If the Earned Value is less than the Planned Value, you are behind schedule, and if the Earned Value is greater than the Planned Value, **you are ahead of schedule**.