About

Earned Value Calculator

Earned Value is a Project Management tool that shows whether you're getting value for money and is regarded as a major component of best practice in Project Management. It is widely used in the USA, Australia, the United Kingdom and elsewhere.

The technique identifies the value of the useful work done at any given point in time in any area and at all levels within the project.

Earned Value can be used in almost any project situation: on large, medium sized, small, complex and simple projects and in all market sectors too.

This calculator works out what the cost will be at completion based on the days used and percentage completed if the same progress rate is maintained.

So when you’re faced with the question of how much a overrun will cost the organisation, you can work it out without having to perform several calculations. Just enter the Billing Rate, Planned Duration, Duration To Date and the percentage completed and the calculator will work out the Activity Budget (planned cost of this activity), Cost To Date (what this activity has actually cost so far), Earned Value (the value realized from the work performed), Cost Variance (the difference between the planned cost and actual costs) and Cost at Completion (the final cost to complete the activity if the same performance level is maintained).

Formulas:
Activity Budget = Planned Days x Rate;

Activity Cost = Duration Used x Rate;

Earned Value = Activity Budget x Percentage Completed;
Cost Variance = Earned Value - Activity Costs;

EAC = Activity Cost + Estimate to Complete;
Cost Performance Index = Earned Value / Activity Cost;
Estimate to Complete = Budget at Completion - Earned Value / Cost Performance Index

Latest Activity

• 01/20/2009 App updated to version 1.0.1
• 01/15/2009 New App Added to the App Store Get App

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