Earned Value

The Earned Value - Cost task plan table is used to view a collection of earned value data that is targeted at the task plan's cost to help compare where task costs currently are, as opposed to where task costs should actually be.

Earned Value - Cost Fields	Description
BAC	Budget at completion. The total planned cost to complete every scheduled task. This is sometimes called baseline cost.
BCWP	Budgeted cost of work performed. The cumulative costs of planned work that has been actually completed, and then compared to the original estimates for that work. This is sometimes called earned value (EV).
BCWS	Budgeted cost of work scheduled. The planned cost of total amount of work that has been scheduled. This is sometimes called planned value (PV).
CPI	Cost performance index. The difference in value between the budgeted cost of work performed and the actual cost of work performed. The calculation for cost performance index is as follows: CPI = BCWP / ACWP. When the cost performance index is greater than 1, it is an indicator that the task plan is over budget.
CV	Cost variance. The difference between planned costs of work performed and the actual costs of work performed. The calculation for cost variance is as follows: CV = BCWP - ACWP. When the cost variance is less than 1, it is an indicator that the task plan is over budget.
CV Percent	Cost variance percentage. The percentage over or under budget, based on cost variance and the planned cost of work in the task plan. The calculation for cost variance percentage is as follows: CV% = CV / BCWP. When the cost variance percentage is greater than 1, it is an indicator that the task plan is under budget.
EAC	Estimate at completion. The expected cost to complete all remaining work. The calculation for estimate at completion is as follows: EAC = ACWP + (BAC - BCWP). BAC - BCWP represents the planned costs of all uncompleted tasks. This is sometimes referred to as the estimate to complete (ETC).
Name	The name of a task (or a task plan).
TCPI	To-complete performance index. A ratio of remaining work. The difference between the planned costs of all completed tasks to the to the planned costs of all remaining, uncompleted tasks. The calculation for to-complete performance index is as follows: TCPI = [BAC - BCWP] / [BAC - ACWP]. When the to-complete performance index is greater than 1, it is an indicator that close attention should be paid to all of the work that remains so that the task plan can stay within budget.
VAC	Variance at completion. The difference between the the total planned cost to complete every scheduled task and the expected cost to complete all remaining work. The calculation for variance at completion is as follows: BAC - EAC. When the variance at completion is negative, it is an indicator that your task plan is over budget.