Interactive Project Management Demonstration

Earned Value Management

Interpret project performance by combining scope, schedule, and cost information. Calculate schedule and cost variances, performance indices, completion forecasts, and the To-Complete Performance Index step by step.

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Demonstration at a glance
Level Intermediate
Typical duration 10–15 minutes
Learning format Guided performance simulation
Best for Project managers, controls professionals and certification learners
Demonstration overview

Read Project Performance Through Integrated Scope, Schedule and Cost Data.

Earned Value Management compares the value of work planned, the value of work actually completed, and the actual cost incurred. This demonstration starts with four core data values and progressively converts them into variances, performance indices, forecasts, and management interpretation.

  • Review Budget at Completion (BAC), Planned Value (PV), Earned Value (EV), and Actual Cost (AC).
  • Calculate Schedule Variance and Cost Variance.
  • Calculate Schedule Performance Index and Cost Performance Index.
  • Interpret whether the project is ahead/behind schedule and under/over budget.
  • Forecast Estimate at Completion, Estimate to Complete, and Variance at Completion.
  • Calculate the To-Complete Performance Index against BAC.
  • Integrate the measures into a coherent management assessment.
Guided Demonstration

Earned Value Management — Step by Step

Complete each locked stage before the next unlocks. Every reveal changes the EVM dashboard so the calculation and interpretation remain visible together.

Learning stages
Foundation Stage 1 of 8

Review the Core EVM Data

Current instruction
Interactive EVM Dashboard

Value, Variance, Performance and Forecast

Core EVM values are revealed one at a time.

100%
Planned Value Earned Value Actual Cost Adverse variance / performance

Focus Mode moves you to the Guided Demonstration, then hides the rest of the page while keeping the current learning stage and EVM dashboard visible together. Zoom affects only the visual pane.

EVM status: Review BAC, PV, EV, and AC before calculating performance.
Supporting Calculation Table

EVM Measures

The table mirrors the guided sequence. Measures appear only after the corresponding calculation has been completed.

Measure Formula Result Interpretation
Experiment Mode

Change the Project Status Data

Experiment Mode is isolated from the guided example. Change BAC, PV, EV, and AC, then choose a forecasting assumption to see how project performance and completion forecasts respond.

CPI 0.91
SPI 0.83
EAC $110,000
VAC −$10,000
Check Your Understanding

Quick Knowledge Check

EVM Quick Reference

Core Measures and Formulas

Measure Formula Interpretation
Schedule Variance (SV) SV = EV − PV Positive = ahead in earned-value terms; negative = behind.
Cost Variance (CV) CV = EV − AC Positive = under budget; negative = over budget.
Schedule Performance Index (SPI) SPI = EV / PV >1 favourable; <1 unfavourable.
Cost Performance Index (CPI) CPI = EV / AC >1 favourable; <1 unfavourable.
EAC — CPI continues EAC = BAC / CPI Forecast if current cost efficiency continues.
EAC — budget rate EAC = AC + (BAC − EV) Forecast if remaining work performs at the original budgeted rate.
EAC — CPI & SPI EAC = AC + (BAC − EV) / (CPI × SPI) Forecast when both cost and schedule inefficiency influence remaining work.
ETC ETC = EAC − AC Expected additional cost required to finish.
VAC VAC = BAC − EAC Expected final budget variance.
TCPI based on BAC TCPI = (BAC − EV) / (BAC − AC) Required future cost efficiency to still meet BAC.
Interpretation note: EVM schedule measures such as SV and SPI express schedule performance in value terms, not in calendar days. As the project approaches completion, SV tends toward zero and SPI tends toward 1.00, so schedule-network analysis remains necessary for date-based forecasting.
SV / SPI → Schedule Performance
CV / CPI → Cost Performance
EAC / TCPI → Forecast & Recovery