Earned Value Calculator
EVM Performance Analysis & Forecasting
Stop guessing if your project is on track. Earned Value Management (EVM) gives you the hard numbers you need to know exactly where you stand. No more "gut feelings"—just data-driven insights about schedule performance, cost efficiency, and what it'll really take to finish.
Understanding Earned Value Management
The Magic Three Numbers
EVM boils down to three simple but powerful numbers: Planned Value (what you planned to spend), Actual Cost (what you actually spent), and Earned Value (what you actually accomplished). Together, they tell the complete story of your project's performance.
Unlike traditional budget tracking that only tells you how much you've spent, EVM connects costs to progress. Now you can answer the question every stakeholder asks: "Are we getting our money's worth?"
Why Project Managers Swear by EVM
EVM is the only project management methodology that integrates scope, schedule, and cost into a single performance measurement system. It gives you early warning signals—often weeks before traditional methods reveal problems.
The best part? EVM works for any project type, from software development to construction to marketing campaigns. It's been a cornerstone of project management since the 1960s for one simple reason: it works.
Project Performance Data
Budget & Costs
Budgeted cost of work scheduled
Actual cost of work performed
Budgeted cost of work performed
Total project budget
Schedule (Optional)
Time actually elapsed
Total planned duration
Quick Reference
PV: What you planned to spend by now
AC: What you actually spent by now
EV: Value of work actually completed
EVM Best Practices
Getting Started with EVM
- Break down projects into measurable work packages
- Assign realistic budgets to each work package
- Track progress objectively, not by "percent complete"
- Update EVM data regularly (weekly or bi-weekly)
Common Pitfalls to Avoid
- Don't use EVM for very short projects (less than 2 weeks)
- Avoid subjective progress measurements
- Don't ignore the human factors in project performance
- Remember: EVM shows what happened, not always why