MS Project - 7 Steps to do EVM in MS Project 2013

Note: The navigation is given for the MS Project 2013.

Step 1: Create the project plan by entering tasks with predecessors, assigning resources, updating resource sheet with the cost details etc.

Step 2: Create a Baseline for the project. (Navigation: Project/Set Baseline/Set Baseline)

Step 3: Update the Actual start dates / % complete.
(Navigation: From Gantt chart screen, View/Tables/Tracking)

Step 4: Update the Status date. The PV calculation depends on the status date.
(Navigation: Project/Status date/Select Status date)

Step 5: Check the EVM values like PV, EV and AC.
(Navigation: View/Tables/More Tables/Earned Value)
The EAC (Estimate At Complete) is calculated by AC+(BAC-EV)/CPI i.e.
ACWP+(Baseline Cost – BCWP)/CPI. VAC = BAC – EAC.

Step 6: Check the Cost Performance Index (CPI).
(Navigation: View/Tables/More Tables/Earned Value Cost Indicators)

Step 7: Check the Schedule Performance Index (SPI):
(Navigation: View/Tables/More Tables/Earned Value Schedule indicators)