What is Planned Value (PV)?

Planned Value is the authorized budget assigned to scheduled work — in other words, how much money was supposed to be spent by this point in the project. Formula: PV = BAC × Planned % Complete.

What is the difference between PV and EV?

PV (Planned Value) is what you planned to accomplish by now; EV (Earned Value) is what you actually accomplished, measured in budget terms. The gap between them is Schedule Variance (SV = EV − PV).

What does an SPI below 1 mean?

An SPI (Schedule Performance Index = EV / PV) below 1.0 means the project is behind schedule — you earned less value than planned. Above 1.0 means you are ahead of schedule.

How is EAC calculated here?

EAC (Estimate at Completion) uses the CPI-based formula: EAC = BAC / CPI. This assumes future work continues at the same cost efficiency as work completed to date.

What are the traffic-light thresholds?

Green: index ≥ 0.95 (within 5%). Yellow: 0.80–0.94 (moderate variance). Red: below 0.80 (significant variance requiring attention).

Planned Value Calculator

Name: Planned Value Calculator
Availability: InStock
Author: Nham Vu

Compute Planned Value (PV) and full EVM metrics — SV, CV, SPI, CPI, EAC — with traffic-light status indicators.

Project Inputs

Budget at Completion (BAC)

Total approved project budget.

Planned % Complete

What % should be done by today per the schedule.

Optional — Full EVM Dashboard

Actual % Complete

How much of the project is actually done.

Actual Cost (AC)

Total money spent to date.

Enter BAC and Planned % Complete, then click Calculate.

Summary

Compute Planned Value (PV) and full EVM metrics — SV, CV, SPI, CPI, EAC — with traffic-light status indicators.

How it works

Enter Budget at Completion (BAC) — total approved project budget.
Enter Planned % Complete — what fraction of the project should be done by today per the schedule.
PV (Planned Value) = BAC × Planned % Complete is calculated instantly.
Optionally enter Actual % Complete and Actual Cost (AC) to unlock the full EVM dashboard.
SV, CV, SPI, CPI, and EAC are computed and displayed with green/yellow/red indicators.

Use cases

Track whether a project is ahead or behind schedule at any checkpoint.
Calculate cost efficiency of completed work versus dollars spent.
Forecast the total cost at project completion using CPI-based EAC.
Present a concise EVM status summary in stakeholder reports.
Cross-check outputs from MS Project or Primavera with a quick manual calculation.

Frequently Asked Questions

Last updated: 2026-07-01 · Reviewed by Nham Vu