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Variance Calculations
| Cost Variance | CV($) = |
BCWP - ACWP |
Percent Complete = |
BCWP BAC |
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| Cost Variance Percentage | CV(%) = |
BCWP - ACWP |
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Percent Planned = |
BCWS |
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| Schedule Variance | SV($) = |
BCWP - BCWS |
Estimate to Complete = |
BAC-ACWP |
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Schedule Variance Percentage |
SV(%) = |
BCWP - ACWP |
Estimate at Complete = *Assumes past performance continues |
BAC |
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| Schedule Variance | SV = |
BCWP-BCWS BCWS |
Estimate at Completion = |
ACWP = BAC-BCWP CPI * SPI |
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| Cost Performance Index* | CPI = |
BCWP ACWP |
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| Schedule Performance Index* | SPI = |
BCWP BCWS |
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TERMINOLOGY - ACRONYMS
| BCWS |
- Budgeted Cost of Work Scheduled The cost of work scheduled to be accomplished. Calculated as the amount of work planned by the costs of resources performing the tasks. Also known as the budget or baseline. |
| BCWP |
- Budgeted Cost of Work Performed The budgeted cost of work performed is cost of work completed based on budgeted costs. Also known as Earned Value. |
| ACWP |
- Actual Cost of Work Performed The actual cost of current work performed on a plan. Also known as Labor Actuals. |
| ETC |
- Estimate to Complete Estimate of all costs for authorized work remaining. |
| EAC |
- Estimate at Completion Final total allocated budget figure for the project. Project cost. |
| BAC |
- Budget at Completion Final total allocated budget figure for the project. Project cost. |
| CV |
- Cost Variance The difference between BCWP and ACWP |
| SV |
- Schedule Variance The difference between BCWS and BCWP |
| CPI |
- Cost Performance Index |
| SPI | - Schedule Performance Index |