Earned value (EV) represents the value of the work completed in terms of the budget allocated for that work. It indicates the budget associated with the completed portion of the authorized work.

The measurement of EV should be aligned with the Performance Measurement Baseline (PMB), and it should not exceed the authorized Planned Value (PV) budget for a specific component.

EV is commonly used to calculate the percentage of project completion. To assess work in progress, it is important to establish progress measurement criteria for each Work Breakdown Structure (WBS) component. Project managers utilize EV to monitor the current status of a project incrementally and evaluate long-term performance trends by analyzing cumulative EV data.

Earned Value Calculator: Utilizes earned value management techniques to track project progress and performance by comparing actual work completed against planned work and associated costs.

Here is how you can quickly calculate Earned Value

Earned Value Calculator

Budget: Schedule Percentage: Task Percentage: Calculate

Steps on how to use the above calculator:

1. Locate the input field labeled “Budget” and enter the total budget allocated for your project. For example, if your project budget is $10,000, enter “10000” (without the dollar sign).
2. Find the input field labeled “Schedule Percentage” and enter the percentage of the project’s duration that has been completed. For instance, if you have completed 60% of the project, enter “60”.
3. Look for the input field labeled “Task Percentage” and enter the percentage of completed tasks in your project. For example, if you have completed 80% of the tasks, enter “80”.
4. Once you have entered the values for budget, schedule percentage, and task percentage, click on the “Calculate” button.
5. The calculator will perform the calculation based on the provided inputs and display the result below the button. The result will show the Earned Value (EV) for your project in the format “Earned Value: $X.XX”.
6. Review the Earned Value result to understand the amount earned in terms of the completed project duration and tasks based on the budget.
7. To perform another calculation with different values, repeat steps 1 to 4 with the updated inputs.

Thank you for using it!