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Managing your project's budget and measuring key project performance metrics is what Earned Value Management (or EVM) is all about. Earned Value Management can help project managers identify problems early on as well as forecast the cost of a project based on current progress. This template demonstrates the use of EVM formulas to run a basic earned value analysis and monitor spending over the life of a project.
Start by adding tasks to the Planned Value table and entering the amounts that will be spent on the tasks each period. After you are done defining the tasks and the budget, enter the same set of tasks in the EV (Earned Value) and AC (Actual Cost) worksheets. At the end of each period, you'll enter a percentage complete for each task in the EV worksheet, and the amount spent on each task during the period in the AC worksheet.
Transfer the cumulative EV and AC to the Report worksheet and analyze the graph, comparing the EV and AC to the Planned Value.
If you haven't already defined your project schedule using a Gantt chart, we recommend that you first download Vertex42's Gantt Chart template. Actual Cost (AC): The Actual Cost of Work Performed (ACWP) is the amount you have spent, including labor and materials and other costs. Earned Value (EV): This is the Budgeted Cost of Work Performed (BCWP), or in other words, the value of the work completed. Figure 1: Chart showing cumulative Earned Value (EV), cumulative Actual Cost (AC), and cumulative Planned Value (PV) for a sample 12-month project. The rules you use for assigning earned value are highly dependent on how you define your project tasks.
For example, if you had a task called "Purchasing" that spanned the entire project period, the planned value for that task would be highly nonlinear. Alternatively, the project manager might define "Purchasing" as a separate category of tasks, with each large purchase as a sub task and another sub task for miscellaneous purchases. Keep in mind that just because a task is 50% complete does not mean that it has earned 50% of the value. Disclaimer: This spreadsheet and the information on this page is for illustrative and educational purposes only.
Price elasticity measures the sensitivity of the quantity demanded or the quantity supplied to the change in the price.
Price elasticity is calculated by taking the percentage change in quantity divided by the percentage change in price. Note that while price elasticity is related to the slope of the line, it is not actually the slope of the line. We should really look at price elasticity in two separate ways: the price elasticity of demand and the price elasticity of supply. The image below shows the price elasticity of demand at different points along a simple linear demand curve, QD = 8 - P. GANTTDIVA is a free and easy Excel based Gantt chart and project management tool with full support for schedule logic, Timelines, Burndown charts, resource planning, cashflow, etc. GANTTDIVA is an easy to use Excel Project management tool to help you create a project schedule and Gantt Chart with full support for schedule logic, including the display of all logical relationships.
Instantly generate a labour demand chart based on the current, filtered view of the project schedule.  Show demand in hours or in Full Time Equivalents.

Access all task data, including hidden fields for any task via the Detailed Task information dialog by double-clicking anywhere on the row. Fully Configurable Calendar with the ability to define holidays, customize weekend days and set exception days (where a day which is normally a workday is a day off or a day which is normally a holiday is a workday). GanttDiva comes with a full featured help file that contains a full description of all of the GanttDiva features, a comprehensive “how to” section and a detailed explanation of all of the concepts used by the scheduling program.
Instantly generate a burn down or burn up chart (user configurable) to monitor progress, based on the current, autofiltered view of the schedule. The Timeline Chart can also be generated at any time from your project data and is a great way to generate a  powerful chronological view of your project with your tasks and milestones all drawn on a timeline graph that is suitable for use in presentations or other documents. Allocate Cash Values to activities and milestones and use this information to generate a chart tracking  your project’s current and baseline cash flow. GanttDiva supports Finish-Start, Start-Start and Finish-Finish logical relationships and displays all logical relationships. Import and Export GanttDiva data to and from other excel files to exchange data with other users or to rapidly build complex schedules using pre-defined templates.
GanttDiva supports automatic generation of Burndown or S-curve charts based on your current project status. GanttDiva is absolutely free, and for the first 30 days of your installation, check out a set of additional features that you will get by purchasing the premium version. DOWNLOAD A GANTTDIVA VERSION!GanttDiva works with all versions Excel starting from Excel 2007.
I have been using GanttDiva to plan our test activities and find it very easy to use to capture a detailed work-plan for my team. Neither the service provider nor the domain owner maintain any relationship with the advertisers. It helps you know whether you can truly say "On Time and Under Budget." The basic idea is to compare your costs to your budget in a way that takes into account your project schedule. If you are familiar with the Earned Value Management System, go ahead and download the template. The Gantt chart is used to define the project schedule (WBS, Tasks, durations, and task dependencies), while the EVM worksheet is used for planning and tracking your spending. When you create a project schedule, you assign a Total Budgeted Cost (TBC) to each separate task. The Actual Cost alone does not tell you anything about how much work was actually completed, but it's still a very critical number to report.
If you use a good work break-down structure, assigning earned value may end up being a lot easier. Then, whenever each purchase is made, it is a simple matter of marking the appropriate task as 100% complete.
Recall that the slope of the line is calculated by "rise over run," or the change in the y-axis divided by the change in the x-axis. Generate multiple labour demand charts and cross compare results to see the impact of changes in the schedule. See a full list of all predecessor and successor dependencies  with the ability to modify data or navigate to any other linked task, while staying in the dialog.
Update the calendar at any time and after a change, all tasks are updated to reflect the new information.

Measure progress against your current and baseline plan and use it to predict when your project will complete.
Choose from one of 5 available styles as a starting point for your timeline, including the new Pert Chart style. This chart is very useful for keeping track of important milestones as your project evolves. Update the colours, Gantt Chart scale, the appearance of charts, the fields to display, etc. Set up the fields you need, the schedule duration, default workday length, the reporting period, screen colours, etc. It is delivered as an MSI package that installs the spreadsheet , the help file and sets up a shortcut on your desktop.
Try a full featured, free version of this easy to use Project Management Software and as a bonus, check out the additional features of the premium version for 30 days. In case of trademark issues please contact the domain owner directly (contact information can be found in whois). This is particularly important when you are not going to be spending money at a constant rate.
For long-term tasks, this cost may be spread out over multiple periods and may not always be linear, so the Earned Value Management Template lets you indicate the budgeted cost for each period and it calculates the TBC for each task. In the Earned Value Management Template, the EV is calculated by multiplying the % Complete by the Total Budgeted Cost (TBC) for each task. It is common to give more weight to completing a task than to just starting it or being half-way done.
Price elasticity is calculated by "run over rise," or the change in quantity (on the x-axis) divided by the change in price (on the y-axis).
Even on a linear (straight) demand or supply curve, the elasticity is not constant for the whole curve. Because price and quantity move in opposite directions on the demand curve, the price elasticity of demand is always negative. Because price and quantity move in the same directions on the supply curve, the price elasticity of supply is usually positive.
Generate multiple charts and cross compare results to see the impact of changes in the project. GanttDiva does not require Administrator privileges to install and relies only on your installed Excel VBA to drive its functionality. The reason for this is that we are measuring the percentage change in both price and quantity. Generate a professional, full featured Gantt Chart based project plan with minimal learning curve.
If the actual cost of that initial purchase was only $4500, the Earned Value would still be ($5000+$1000).
As you move along a linear curve and approach one of the axes, the percentage changes in that axis variable (either price or quantity) get smaller and smaller and the percentage changes of the opposite axis get bigger and bigger.

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