Earned Value Management (EVM) Simulator

Hi there!

Crafted with training in mind, here is a tool that offers a hands-on experience for understanding Earned Value Management (EVM) principles.

Input project parameters and the app shows you key metrics like Planned Value, Earned Value, and more. Perfect for honing project management skills, the simulator provides actionable insights to optimize resource utilization and ensure project success.

Simulator

The simulator already comes with some filled in defaults to help you grasp the concepts. Once you figure out the basics, please go ahead and tweak values to see how that effects the reporting.

Step 1/5 Establish Baseline

Cost Baseline

Planned Value is calculated using the simple linear apprach as described in this blog post

Total Budget $

This would form the basis for calculating Planned Value (PV) based on project progress.

Schedule Baseline

Total Iterations

This would be the planned number of iterations. Where iterations can be days, months, sprints, etc.

Step 2/5 Project State

Iteration Completed (5/10)

Use the slider to adjust the values.

Actual Cost (AC)

Cost per iteration

Fixed Cost

Total 40000

Task	Relative Estimate	Planned Cost
Article		10k
Press Release		20k
Homepage		5k
Contact Form		10k
Product		10k
Search		25k

Step 3/5 Measure Performance

Planned Value (PV): 40k
Actual Cost (AC): 40k
Earned Value (EV): 30.4k; ↗︎ 9.6k

Step 4/5 Calculate Performance Indices

Schedule Performance Index (SPI): 0.76; Behind Schedule
Cost Performance Index (CPI): 0.76; Over Budget

Step 5/5 Analysis and Reporting

At the current rate, project would need 13.2 iterations to complete.
Projected cost of completion of project at given progress rate is i.e. Estimate at Completion (EAC) is 105.3k.

Conclusion

In summary, the simulator application in this page is only a training tool. By offering hands-on experience with EVM principles, you can enhance your and your Team's skills in optimizing resources and managing project risks.

Fair winds!