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Earned Value Analysis by Phase Portlet

Use the Earned Value Phase Analysis portlet to track work performance to account for cost and schedule variances.

This portlet includes the following fields:

Phase

Displays the phase of the project.

Planned Value (BCWS)

Displays the system-calculated value of budgeted cost of work scheduled (BCWS) or the budgeted amount you can spend on the project in a given time. If time is not specified, either the current date for the project or the system date is used. BCWS is also referred to as the planned value (PV).

Source: Schedule & Performance properties page of the project.

Earned Value (BCWP)

Displays the system-calculated value of budgeted cost of work performed (BCWP). The value is calculated and recorded when you baseline a project, or when you update earned value totals. BCWP is also referred to as the earned value (EV) and represents the amount of baseline cost (BAC) completed based on performance. Performance is measured using the Task EV Calculation method.

Source: Schedule & Performance properties page of the project.

Actual Cost (ACWP)

Displays the system-calculated value of actual cost of work performed (ACWP), which is the total direct cost incurred in performing work based on posted actuals.

Source: Schedule & Performance properties page of the project.

Cost Variance (CV)

Displays the system-calculated value of cost variance. The cost variance is the value of what is accomplished to date as opposed to what is spent to date.

Source: Schedule & Performance properties page of the project.

Schedule Variance (SV)

Displays the system-calculated value of schedule variance. The schedule variance is the value of what is scheduled to date as opposed to what is performed to date. A positive value indicates that the work is ahead of the baseline schedule. A negative value indicates that the work is behind the baseline schedule.

Source: Schedule & Performance properties page of the project.

Cost Performance Index (CPI)

Displays the system-calculated value of cost performance index (CPI), which is an efficiency rating for work accomplished. A value greater than or equal to one indicates a favorable condition. A value of less than one indicates an unfavorable condition.

Source: Schedule & Performance properties page of the project.

Schedule Performance Index (SPI)

Displays the system-calculated value of schedule performance index (SPI), which is the ratio of work performed to work scheduled. A value greater than or equal to one indicates work is on schedule. A value of less than one indicates the work is behind schedule.

Source: Schedule & Performance properties page of the project.