EVM Calculator: CPI, SPI & EAC Formulas for PMP (2026)

1Project Data

Planned Value (PV)Budgeted cost of work scheduled

Earned Value (EV)Budgeted cost of work performed

Actual Cost (AC)Actual cost of work performed

Budget at Completion (BAC) (Optional)Total budget allocated for the project

2Performance Indices

CPI (Cost)

SPI (Schedule)

3Variances

Cost Variance (CV)

EV - AC

Schedule Variance (SV)

EV - PV

EVM Formula Reference

Cost Variance (CV)

CV = EV - AC

Positive = Under budget

Schedule Variance (SV)

SV = EV - PV

Positive = Ahead of schedule

Cost Performance Index (CPI)

CPI = EV ÷ AC

>1.0 = Under budget

Schedule Performance Index (SPI)

SPI = EV ÷ PV

>1.0 = Ahead of schedule

Estimate at Completion (EAC)

EAC = BAC ÷ CPI

Projected total cost

Variance at Completion (VAC)

VAC = BAC - EAC

Expected budget variance

To Complete Performance Index (TCPI)

TCPI = (BAC - EV) ÷ (BAC - AC)

Required efficiency to meet BAC

Tools & Workflows

Resume Optimization PERT Estimation

Resume Optimization

Tools & Workflows

PERT Estimation

Earned Value Management (EVM) Calculator

1Project Data

2Performance Indices

3Variances

EVM Formula Reference

Cost Variance (CV)

Schedule Variance (SV)

Cost Performance Index (CPI)

Schedule Performance Index (SPI)

Estimate at Completion (EAC)

Variance at Completion (VAC)

To Complete Performance Index (TCPI)

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