Earned Value Management: The Essential Formula Handbook focuses on the calculations behind a structured project-performance review. This free English PDF starts with planned value, earned value and actual cost, then builds toward performance indices, forecasts and the efficiency required on the remaining work. The handwritten graph-paper design keeps the formulas, explanations and worked examples together on each learning page.
What you will find in this ebook
Read the current performance position
Start by separating the budgeted value of planned work, the budgeted value of completed work and the actual cost incurred. The handbook then explains cost variance, schedule variance, the cost performance index and the schedule performance index. The examples help you connect a numerical result to the question being asked rather than treating every indicator as an interchangeable measure of progress.
Choose a forecast that matches the assumption
Several pages examine estimate at completion under different conditions: future work proceeds at budget, current cost efficiency continues, cost and schedule performance both influence the projection, or remaining work is estimated from the activities themselves. Estimate to complete and variance at completion follow, showing how the forecast relates to the cost already recorded and the original budget.
Test the target for the remaining work
The handbook includes TCPI calculations against both budget at completion and an estimate at completion. A complete EVM review then brings the measures together, followed by a compact formula reference. The sequence makes it easier to distinguish a description of past performance from a forecast or a required future level of performance.
A practical way to use this handbook
Before using the handbook for a reporting cycle, align the scope, reporting date and progress-measurement method in your data. Work through the opening PV, EV and AC example, then calculate the variances and indices from the same inputs. Select an EAC approach only after stating the assumption for the remaining work. Finish by checking ETC, VAC and TCPI, and explain what changed since the previous review.
Who this book is for
Project managers, project controllers, PMO analysts, cost engineers and learners developing confidence with earned value calculations.
Inside the PDF
The download contains 18 pages: a cover, 15 content pages and two promotional pages. The advertisements follow content pages 5 and 15; the learning-page numbers exclude the cover and advertisements.
View the complete contents
- PV, EV & AC
- Cost Variance (CV)
- Schedule Variance (SV)
- Cost Performance Index
- Schedule Performance Index
- Budget & Progress
- EAC: Future Work at Budget
- EAC: Current CPI Continues
- EAC: Cost + Schedule
- EAC: Build It from the Work
- Remaining Cost & Final Variance
- TCPI: Meet the BAC
- TCPI: Meet the EAC
- One Complete EVM Review
- Your Formula Quick Reference
Continue exploring project management
- Essential Project Management Formulas: A Quick Reference Guide
- Project Scheduling Calculations: Critical Path, Float, and Delays
- Cost Estimation and Budgeting Formulas for Project Managers
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Frequently asked questions
Does a schedule variance directly tell me the delay in days?
Traditional earned value schedule variance is expressed in budget units, not days. Use it alongside the project schedule and critical path analysis when assessing an expected completion delay.
Is this ebook free to download?
Yes. Download the English PDF directly from WikiFree without creating an account. You can keep a copy and read it offline in a PDF reader.
What are the promotional pages in the PDF?
The PDF includes an advertisement for a project-management templates bundle and an advertisement for Coursera Plus. Their links are optional; you do not need to purchase either offer to use the handbook. The promotional links may generate a commission for WikiFree.