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PMI EVM Master — Ultra-Rich

Earned Value Management — simple & clear

Aligned definitions. Interpreting signals. One EAC only: EAC = BAC / CPI.

Key Definitions (short, aligned)

PV
Planned ValueBudget for work scheduled to be done.
EV
Earned ValueBudgeted value of work actually done.
AC
Actual CostWhat you paid for work performed.
BAC
Budget at CompletionTotal approved budget.
Healthy
CPI ≥ 1 • SPI ≥ 1
Unhealthy
CV < 0 (overrun) • SV < 0 (behind)

Micro example — read the signals

  1. Given: EV=240k, AC=300k, PV=260k, BAC=900k
  2. Compute: CPI=0.80, SPI≈0.92, CV=−60k, SV=−20k
  3. Interpret: over budget & behind schedule.
  4. Forecast (trend): EAC=BAC/CPI=1,125k → VAC=−225k

Formulas — one per line (no confusion)

We only use EAC = BAC / CPI for forecasting.

  • CV = EV − ACCost variance
  • SV = EV − PVSchedule variance
  • CPI = EV ÷ ACCost efficiency
  • SPI = EV ÷ PVSchedule efficiency
  • EAC = BAC ÷ CPITrend (only one used)
  • ETC = EAC − ACTo finish
  • VAC = BAC − EACAt completion variance
  • TCPI(BAC) = (BAC − EV) ÷ (BAC − AC)Target to hit BAC
  • TCPI(EAC) = (BAC − EV) ÷ (EAC − AC)Target to hit EAC

Mini Example — Variances

  1. Inputs: EV=400k, AC=470k, PV=420k
  2. CV=−70k; SV=−20k → overrun & behind

Mini Example — Indices

  1. Inputs: EV=600k, AC=500k, PV=640k
  2. CPI=1.20 (good); SPI=0.94 (slightly behind)

Mini Example — EAC (trend)

  1. Inputs: BAC=1,000k; EV=350k; AC=420k
  2. CPI=0.8333 → EAC=1,200k; ETC=780k; VAC=−200k

Worked Examples — step by step

Case 1 — Interpreting Indicators

  1. Given: EV=240k, AC=300k, PV=260k, BAC=900k
  2. CPI=0.80; SPI=0.92
  3. CV=−60k; SV=−20k
  4. EAC=900/0.80=1,125k; ETC=825k; VAC=−225k

Case 2 — Healthy CPI, slower SPI

  1. Given: EV=600k, AC=500k, PV=650k, BAC=1,400k
  2. CPI=1.20 (good); SPI=0.92
  3. EAC=1,166.7k → VAC≈+233k

Case 3 — Mid-project check

  1. Given: EV=380k, AC=460k, PV=420k, BAC=1,050k
  2. CPI=0.826; SPI=0.905
  3. EAC≈1,272k; ETC≈812k; VAC≈−222k

Case 4 — Strong recovery

  1. Given: EV=750k, AC=680k, PV=700k, BAC=1,500k
  2. CPI=1.103; SPI=1.071
  3. EAC≈1,360k → VAC≈+140k

Calculators

Variance & Indices

EAC (trend only)

Practice Quiz

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Glossary

Exam Tips

  • Use only EAC = BAC / CPI.
  • State the sign: CV negative = overrun; SV negative = behind.
  • Workflow: CPI → EAC → ETC → VAC.