Earned Value Calculator

Work out earned value instantly with clear inputs, formula shown and shareable results.

About Earned Value Calculator

Earned value is the budgeted cost of work actually completed. Comparing it with actual cost gives the cost variance and with planned value gives the schedule variance — both expressed in currency, which is what makes earned value analysis so useful for reporting to finance.

Formulas

Earned value

EV = Budget at completion x Percent complete

Cost variance

CV = EV - Actual cost

Schedule variance

SV = EV - Planned value

Worked example

With the default values below, Earned Value Calculator returns Earned value of $10,080,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Budget at completion: 24,000,000
Percent complete: 42
Actual cost to date: 11,200,000
Planned percent complete: 50

Results

Earned value: $10,080,000.00
Cost variance: -$1,120,000.00
Schedule variance: -$1,920,000.00
Planned value: $12,000,000.00

Step by step

1Values used
2Earned value
3Cost variance
4Schedule variance
5Earned value= 10,080,000.00
6Cost variance= -1,120,000.00
7Schedule variance= -1,920,000.00
8Planned value= 12,000,000.00

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, tax or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Frequently Asked Questions

Why is schedule variance measured in money?

Because it uses the same budget baseline. It answers how much budgeted work is late, not how many days late the project is.

What makes percent complete reliable?

Objective measures — deliverables accepted, tests passed, units installed. Self-reported percentages cluster at 90% and stay there.