Earned Value Calculator

Formula

The formula to calculate Earned Value (EV) is:

\[ EV = \frac{B \times C}{100} \]

Where:

$EV$ is the earned value ($)
$B$ is the total project budget ($)
$C\%$ is the percentage of the project that has been completed (%)

What is Earned Value?

An earned value is defined as the portion of monetary value that a company or business has earned through working on a project that is not yet complete. In other words, it represents the percentage of money earned relative to the same percentage of work that has already been performed.

Example Calculation

Let's assume the following values:

Total Project Budget (B) = $100,000
Percentage of Project Completed (C%) = 50%

Using the formula to calculate Earned Value (EV):

\[ EV = \frac{100,000 \times 50}{100} = 50,000 \]

The Earned Value is $50,000.