Enter all four values to compute Earned Value metrics.
CPI — Cost Performance Index
—
EV / AC
SPI — Schedule Performance Index
—
EV / PV
CV — Cost Variance
—
EV − AC
SV — Schedule Variance
—
EV − PV
EAC — Estimate at Completion
—
BAC / CPI
CPI · SPI · CV · SV · EAC
The Earned Value Management (EVM) calculator computes the five core metrics that project managers use to track cost and schedule performance: CPI, SPI, CV, SV, and EAC. EVM is one of the most heavily tested topics on the PMP exam and a fundamental tool for project cost control. Enter Planned Value, Earned Value, Actual Cost, and Budget at Completion to get an instant performance snapshot.
The calculator provides a visual summary: if CPI < 1.0 and CV < 0, the project is over budget. If SPI < 1.0 and SV < 0, it is behind schedule. The combination tells you whether you need cost recovery, schedule recovery, or both. EAC tells you what the project will actually cost if current trends continue — compare it to BAC to see the projected overrun or underrun.
The PMP exam tests these formulas extensively. You may be given PV, EV, AC, and BAC and asked to calculate CPI, SPI, CV, SV, or EAC. You may also be asked about ETC (Estimate to Complete = EAC − AC), VAC (Variance at Completion = BAC − EAC), or TCPI (To-Complete Performance Index). Memorize the formulas and practice with this calculator until they become second nature.
EVM works best on projects with a well-defined WBS and regular progress reporting. It is less useful on Agile projects where scope is flexible. For traditional waterfall projects — construction, engineering, government contracts — EVM provides early warning of cost and schedule problems, often months before they would otherwise become visible. The key is consistent, accurate data collection: PV, EV, and AC must all be measured against the same baseline.
Preparing for your official certification? Practice with Skilljet's full diagnostic question bank and code reference drawer.
Start Free 15-Question Diagnostic