Earned Value Management

Title schedule variance

What Is Schedule Variance (SV)? Definition, Formula, Example, Calculator

When you are in the process of controlling the schedule of your project, or when you are preparing for your PMP exam, you will likely make use of the Schedule Variance (SV) at some point. This is one of the key indicators of the variance analysis which is part of the earned value management of …

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Title COst Variance

What Is Cost Variance (CV)? Definition, Formula, Example, Calculator

You probably came across the cost variance (CV) when you had been reading about earned value management and variance analysis. Whether you are controlling the cost of your project or preparing for the PMP exam – being familiar with the CV is essential to master project cost management. This article introduces the concept of cost …

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Project manager doing earned value analysis

Earned Value Analysis & Management (EVA/EVM) – Definition & Formulae

Managing cost, performance and progress is one of the most important responsibilities of a project manager. In practice, this is usually one of the areas that receive a lot of attention by project sponsors, steering committees and other stakeholders, given that the budget is often one of the relevant constraints of a project. Despite its …

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To-complete-performance index

What Is the To-Complete-Performance-Index (TCPI)? Definition, Formula & Calculator.

When you are in the process of project cost controlling – either in a real-life situation or during your PMP exam preparation – you will probably wonder what exactly the to-complete-performance index is and how you can use this indicator. In this article, we will introduce the TCPI, its definition and formula. You can also …

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Estimate at Completion Title

Estimate at Completion (EAC) – with Formulae & Examples

If you want to forecast the project cost for the completion of the entire project, you will need the indicators “estimate at completion (EAC)” and “to-complete performance index (TCPI)”. Both are part of the data analysis techniques of the control costs process in the PMI’s Project Management Body of Knowledge (PMBOK, 6th edition, p. 263-265). …

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Schedule performance index, cost performance index, formula, example

Schedule & Cost Performance Index, with Formulae & Examples (SPI/CPI)

An important part of project management concerns the forecasting and management of cost. In fact, this is often one of the most prominent topics in project status reports and discussions with project sponsors and stakeholders, given the importance of budget constraints. Schedule Performance Index (SPI) and Cost Performance Index (CPI) are useful and comparatively simple …

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Calculator for CV, SV, CPI, SPI

Calculator for Cost/Schedule Performance Index (CPI/SPI) & Variances

Whether you need to compute the cost performance index (CPI), the schedule performance index (SPI), the cost variance (CV) or schedule variance (SV) for your project, self-study or PMP exam preparation, you will find this calculator useful. Simply fill in your actual cost, your planned value for a particular period or cumulative for the entire …

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