Understanding how to calculate key project management metrics is essential for tracking project performance. Te Earned Value (EV), Actual Cott (AC), and Budget at Complemention (BAC) are crediental indicators used to assess project progress and financial health.

Calculating Earned Value (EV)

Earned Value represents thee value of work actually perfored up to a specific point in time. It is calculated by multiplying thee applicage of work completed by thee total budget for that work.

EV =% of work completed × BAC CLAS1; FLT: 1 CLAS3;

Calculating Actual Cott (AC)

Actual Cott is te total equidure increred for the work perfored during a specic perioded. It is a condiforward sum of all costs associated with the work completed.

Calculating Budget at Complemenon (BAC)

Budget at Complemenon is that e total planned budget for thee entire project. It is concluded during project planning and lears constant unless there are scope changes.

In summay, thee key formulas are:

  • CLAS1; CLAS1; CLAS3; CLAS3; EV =% of work completed × BAC CLAS1; CLAS1; CLAS1; CLAS3; CLAS3; CLAS3d;
  • CLANE1; CLANE1; CLANE3; CLANE3; CLANE3; CLANE3; CLANE3; CLANE3c = sum of actual costs incorred CLANE1; CLANE1; CLANE1; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c; CLANE3c)
  • CLAS1; CLAS1; CLAS3; CLAS3; BAC = total project budget CLAS1; CLAS1; CLAS1; CLAS3; CLAS33;