Work out earned value instantly with clear inputs, formula shown and shareable results.
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.
Earned value
EV = Budget at completion x Percent complete
Cost variance
CV = EV - Actual cost
Schedule variance
SV = EV - Planned value
Because it uses the same budget baseline. It answers how much budgeted work is late, not how many days late the project is.
Objective measures — deliverables accepted, tests passed, units installed. Self-reported percentages cluster at 90% and stay there.