Earned Value Calculator
Calculate project earned value metrics (EV, CV, SV)
About this calculator
The Earned Value Calculator is a project management tool that helps calculate three critical performance metrics: Earned Value (EV), Cost Variance (CV), and Schedule Variance (SV). These metrics provide project managers with quantitative insights into project performance by comparing planned work, actual work completed, and actual costs incurred. By analyzing these values, teams can identify budget overruns, schedule delays, and overall project health to make informed decisions and implement corrective actions early in the project lifecycle.
How to use
Input your project's Planned Value (budgeted cost of work scheduled), Actual Cost (actual cost of work performed), and Earned Value (budgeted cost of work performed). The calculator will automatically compute Cost Variance (CV = EV - AC) and Schedule Variance (SV = EV - PV), showing whether your project is over or under budget and ahead or behind schedule.
Frequently asked questions
What does a negative Cost Variance indicate?
A negative Cost Variance means your project is over budget, as you're spending more than the budgeted amount for the work completed.
How do I interpret Schedule Variance results?
Positive Schedule Variance indicates the project is ahead of schedule, while negative values mean the project is behind the planned timeline.
What's the difference between Planned Value and Earned Value?
Planned Value is the budgeted cost of scheduled work, while Earned Value represents the budgeted cost of work actually completed.