WebFeb 3, 2024 · Earned value analysis (EVA): Determines the likely outcome of the project by comparing the schedule and budget to the planned timeline and costs. ... Estimate at … Where: 1. CPI = Cost Performance Index 2. EV = Earned Value (dollars, euros, etc.) 3. AC = Actual Cost (dollars, euros, etc.) See more The Cost Performance Index represents the relative amount that the task is over or under budget. For example, the task Build Fence has a budget of $4,000. and the cost performance … See more In order to calculate the CPI, the project must initially be divided into tasks and each task must be assigned the following data: 1. Start and Finish Dates 2. Budget This is called the … See more The cost performance index should be analyzed in conjunction with the Schedule Performance Index(SPI), which tells you how far ahead or … See more
Cost Performance Index (Earned Value Analysis) - ProjectEngineer
WebIn September, during the earned value analysis The Planned Value is $ 948,000, the Actual Value is $ 846,000, and the earned value is $ 1,005,250. The Earned value is greater than the planned value and actual value, this indicates that schedule variance and cost variance is positive. Hence the software customization of the project is running … WebAug 23, 2011 · Earned Value Analysis (EVA) or Earned Value Management(EVM) is a project management technique that combines scope, schedule, and cost to measure project progress and … impaled fabric
Guide to Earned Value Analysis: Definition, Uses and …
Web1. The work package is 30% complete. This is because the Earned Value (EV) represents the value of the work that has been completed. In this case, EV is $3,000, which is 30% of the BAC ($10,000). 2. Cannot be determined. CPI (Cost Performance Index) is a measure of the project's cost efficiency, and it does not directly affect the project schedule. WebCPI is calculated as a ratio of the Earned Value to the Actual Cost. CPI= EV/AC. The task is over budget if CPI is under 1. CPI <1. For example, In this example, CPI is 0.85 which … WebEarned Value (EV) Also known as Budgeted Cost of Work Performed (BCWP), Earned Value is the amount of the task that is actually completed. It is also calculated from the … impaled eye injury