Earned Value Information

Earned Value InformationUse the EV fields to track work performance to account for cost and schedule variances. The following earned value data fields are included and can be displayed on list pages and portlets:

ACWP
Read-only. Displays the system-calculated value of Actual Cost Of Work Performed (ACWP), which is the total direct and indirect cost incurred in performing work during a given period of time based on posted actuals.
Calculations are made based on the level at which the calculation is being made. ACWP is calculated at the following levels:
Detail-task. The calculation is based on the following formula:
ACWP = Actuals Work Units * Billing Rate
Summary-task. The calculation is based on the following formula:
ACWP = Sum of ACWP for all detail tasks in project
Project. The calculation is based on the following formula:
ACWP = Sum of ACWP for all WBS Level 1 tasks in project

BAC
Read-only. Displays the system-calculated value of Budget at Completion (BAC), which is the budgeted total cost at the time of the baseline, based on the following formula:
((Actuals + Remaining Work) x Billing Rate) taken at time of baseline

BCWP
Displays the system-calculated value of Budgeted Cost of Work Performed (BCWP). This value is calculated and recorded when you baseline your project or when you update earned value totals and is based on the cost and rate matrices associated at the project level. BCWP is also referred to as the earned value (EV).
Calculations are made based on the level at which the calculation is being made. BCWP is calculated at the following levels:
Task. BCWP is based on the selected EV calculation method.
Project. BCWP is the sum of BCWP for all WBS Level 1 tasks in the project.

BCWS
Read-only. Displays the system-calculated value of Budgeted Cost of Work Scheduled (BCWS), which is the budgeted amount to be spent on the project in a given period of time. This point is either the project's as of date or the system date if the project's as of date is not defined. BCWS is also referred to as the planned value (PV).
The BCWS is calculated based on the following formula:
BCWS = Sum of BAC through a point in time

CPI
Displays the system-calculated value of Cost Performance Index (CPI), which is an efficiency rating for work accomplished, based on the following formula:
CPI = BCWP / ACWP
Note: A value greater than one indicates the costs are running over budget.

CV
Displays the system-calculated value of Cost Variance (CV), which is the value of what has been accomplished to date versus what has been spent to date, based on the following formula:
CV = BCWP - ACWP

EAC
Read-only. Displays the system-calculated value of estimate at completion (EAC), which is the total cost of all actual work completed to date plus the predicted cost finishing the remaining work, based on the following formula:
EAC = ACWP + ((BAC - BCWP)/CPIc)

EAC (T)
Read-only. Displays the system-calculated value of estimate at completion (EAC). This calculation is most often used when current variances are seen as typical of future variances, and is based on the following formula:
EAC (T) = ACWP + ETC

EAC (AT)
Read-only. Displays the system-calculated value of estimate at completion (EAC). This calculation is most often used when current variances are seen as atypical and the project management team expectations are that similar variances will not occur in the future. This value is calculated based on the following formula:
EAC (AT) = (ACWP + (BAC - BCWP))

ETC (Cost)
Read-only. Displays the system-calculated value of estimate at completion (ETC). This value is calculated based on the following formula:
ETC (Cost) = remaining labor cost + remaining non-labor cost

ETC (T)
Read-only. Displays the system-calculated value of estimate at completion (ETC) using earned value data. This calculation is most often used when current variances are seen as typical of future variances. This value is calculated based on the following formula:
ETC (T) = ((BAC – BCWPc)/CPIc

ETC (AT)
Read-only. Displays the system-calculated value of estimate at completion (ETC) using earned value data. This calculation is most often used when current variances are seen as atypical and the project management team expectations are that similar variances will not occur in the future. This value is calculated based on the following formula:
ETC (AT) = BAC – BCWPc

SPI
Displays the system-calculated value of Schedule Performance Index (CPI), which is the ratio of work performed to work scheduled, based on the following formula:
SPI = BCWP / BCWS
Note: A value less than one indicates the work is behind schedule.

SV
Displays the system-calculated value of Schedule Variance (CV), which is the value of what has been scheduled to date versus what has been performed to date, based on the following formula:
CV = BCWP - BCWS