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# EVM Examples

To illustrate the concept of EVM and all the formulas, assume a project that has exactly one task. The task was baselined at 8 hours, but 11 hours have been spent and the estimate to complete is 1 additional hour. The task was to have been completed already. Assume an Hourly Rate of $100 per hour. Using this information:
    Hourly Rate = $100
    PV or BCWS = Hourly Rate * Total Hours Planned or Scheduled
    PV = $800 ($100 * 8 hours)
    AC or ACWP = Hourly Rate * Total Hours Spent
    AC = $1100 ($100 * 11 hours)
    EV or BCWP = Baselined Cost * % Complete Actual
    EV = $734 (baseline of $800 * 91.7% complete)
    (NOTE % Complete Actual (below) to get the 91.7% )
    BAC = Baselined Effort-hours * Hourly Rate
    BAC = $800 (8 hours * $100)
    EAC = AC + ETC
    EAC = $1200 (1100 + 100)
    VAC = BAC - EAC
    VAC = -$400 ($800 - $1200 )
    % Completed Planned = PV / BAC
    % Complete Planned = 100% ($800 PV / $800 BAC)
    % Completed Actual = AC / EAC
    % Complete Actual = 91.7% ($1100 AC / $1200 EAC)
    SV = Earned Value (EV) - Planned Value (PV)
    SV = -$66 ($734 EV - $800 PV)
    SPI = Earned Value (EV) /Planned Value (PV)
    SPI = 0.91 ($734 EV / $800 PV)
    CV = Earned Value (EV) - Actual Cost (AC)
    CV = -$366 ($734 EV - $1100 AC) indicating a cost overrun
    CPI = Earned Value (EV) /Actual Cost (AC)
    CPI = 0.66 ($734 EV / $1100 AC) indicating over budget

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