Project Control and Monitoring - Theory & Concepts - Construction Methods And Project Management Evm Forecast Trainer

Tracking project progress using Earned Value Management and S-Curves.

Adjust the current Earned Value metrics to see how they mathematically forecast the final project cost (EAC) and required future efficiency (TCPI).

Budget at Completion (BAC): $1,000,000

Planned Value (PV): $500,000

Earned Value (EV): $400,000

Actual Cost (AC): $450,000

\text{SPI}

0.80

Behind Schedule

\text{CPI}

0.89

Over Budget

Estimate at Completion (

\text{EAC}

)$1,125,000

\text{EAC} = \frac{\text{BAC}}{\text{CPI}}

Estimate to Complete (

\text{ETC}

)$675,000

\text{ETC} = \text{EAC} - \text{AC}

Variance at Completion (

\text{VAC}

)-$125,000

\text{VAC} = \text{BAC} - \text{EAC}

To-Complete Perf. Index (

\text{TCPI}

)1.091

\text{TCPI} = \frac{\text{BAC} - \text{EV}}{\text{BAC} - \text{AC}}

* Efficiency needed on remaining work to hit original BAC. High value means achieving BAC is unlikely.

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