Earned Value in Project Management

What is the Earned Value in Project Management?

The Earned Value (EV) tells you if you are over budget or behind your schedule with your project. It is used to compare the project plan with its actual status.

The Earned Value Analysis

The Earned Value Analysis (EVA) is the method to evaluate project progress at a given time.

The Earned Value Formula

EV = PV x %

EV: Earned Value
PV: Planned Value (on a specific date)
%: Percentage of completion

Further Calculations

With the Earned Value, you can calculate other important planning indicators, such as:

• The Cost Performance Index (CPI)
• The Schedule Performance Index (SPI)
• The Schedule Variance (SV)

PM tools display the Earned Value for each activity and the entire project — without any calculations needed:

Earned Value Calculation

In our blog, you can find practical examples of these indicators:
Earned Value Analysis as an Efficient Project Controlling Tool