ToolHuts

Practical tools for measured work

Budget at completion and earned value

Sum the approved baseline and compare cost, schedule and remaining-work forecasts with explicit assumptions.

Calculate the layout, check the diagram, then print the result for the shop or jobsite.

Budget at completion (BAC)100000
Estimate at completion (EAC)125000
Estimate to complete (ETC)75000
Cost performance index (CPI)0.8
Schedule performance index (SPI)0.8
Cost variance (EV - AC)-10000
Schedule variance (EV - PV)-10000
Variance at completion (BAC - EAC)-25000
Earned percentage of baseline40%
To-complete index for EAC0.8

How it works

BAC sums the approved performance baseline, not a sales bid or invoice. Enter each baseline amount once, in one currency. EV is the budgeted value of completed work; PV is scheduled budget to date; AC is actual cost. Reserve and profit are not automatically baseline amounts.

CPI = EV / AC and SPI = EV / PV. Remaining budget is BAC minus EV. Forecast ETC using that remaining budget divided by CPI, divided by CPI × SPI, unchanged, or your entered estimate. EAC = AC + ETC. Zero denominators produce an unavailable index, not an infinite forecast.

Source: NSF earned-value methods

Current-input example

The result above uses these exact values. This snapshot is included when the page is printed so the output can be checked against the original measurements.

Baseline budget amounts separated by semicolons
25000;50000;25000
Earned value (EV)
40000
Planned value to date (PV)
50000
Actual cost to date (AC)
50000
Remaining-work forecast
Continue cost efficiency (CPI)

Primary result: Budget at completion (BAC): 100000.

Before using the result

  • Check the selected mode, units and input values before using the result.
  • Read the assumptions and rounding rules; compare the worked example with your intended calculation.
  • A numerical result does not supply missing context or change the stated limitations.

Limitations

Forecasts assume the selected performance pattern continues. They do not assess scope changes, risks, cash flow or completion dates. Schedule variance is measured in budget units, not days. Reconcile the baseline and earned progress with the project controls team.

Frequently asked questions

What should I verify before using this result?

Check the input values, units, dates and assumptions. Compare the method and its stated limits with the source relevant to your task.

Why might the finished result differ?

Results depend on the entered data and the model’s assumptions. Rounding, changing conditions or omitted factors can affect the comparison. Read the limitations before using the result.