Work Packages / Deliverables Completed Earned Value Cost £1,400,000 It is about half way through the project. Today we were supposed to have completed exactly half the deliverables. In fact, we have only completed 40% We were supposed to have spent £525,000 by now, but we’ve spent £675,000 So, are we £150,000 over budget? Forecast At Completion (FAC) £1,200,000 Budget At Completion (BAC) £1,000,000 £800,000 Actual Cost of Work Performed (ACWP) £600,000 Cost Variance (CV) Schedule Variance (SV) Budgeted Cost of Work Scheduled (BCWS) £400,000 Budgeted Cost of Work Performed (BCWP) Actual £200,000 Plan / Budget 0% 40% 50% 100% Work Packages / Deliverables Completed