5 Best Free Online EVM Calculator Websites
Here is a list of best free online EVM calculator websites. EVM or Earned Value Management is a project management technique that uses project scope, schedule, and cost performance to generate a detailed EVM project report. EVM reports help project managers assess and measure project performance. There are several performance metrics in EVM calculation such as Cost Performance Index, Schedule Performance Index, Variance at Completion, Estimate at Completion, etc. EVM calculations are used in various industries (Construction, Information Technology, Engineering, etc.) to evaluate project cost and progress. If you also want to perform EVM calculations, check out these online EVM calculator websites.
I have tested more than 15 EVM calculation tools and come up with these 5 best free EVM calculator websites. Through these websites, users can quickly calculate multiple EVM calculation metrics like Earned value, Cost Performance, Scheduled performance, Prediction values, etc. Using the obtained values, you can access the project performance, project cost, and earned values. These websites also show the formulas that they can use to calculate multiple EVM metrics. Some calculators also show the calculation steps with added examples. Go through the list to learn more about these websites.
My Favorite Online EVM Calculator Website:
omnicalculator.com is my favorite website as it can generate EVM reports of one or more projects. It also explains EVM and shows formulas used in EVM calculations.
You can also check out lists of best free Online PE Ratio Calculator, Online HHI Calculator, and Online Stem and Leaf Plot Calculator websites.
Comparison Table:
| Features/Website Names | Describes EVM | Shows Calculaton Formulas | Generates detailed EVM Report | Can calculate EVM of multiple projects |
|---|---|---|---|---|
| omnicalculator.com | ✓ | ✓ | ✓ | ✓ |
| schoolmykids.com | ✓ | ✓ | ✓ | x |
| taprun.com | ✓ | ✓ | x | x |
| a1calculator.com | x | x | ✓ | ✓ |
| calculatorultra.com | x | ✓ | x | x |
omnicalculator.com
omnicalculator.com is a free online EVM calculator website. This website not only calculates all the EVM parameters but also explains those parameters to users. It even provides steps to use this calculator. I also like its ability to calculate the earned value management of multiple projects, unlike similar websites which only calculate the EVM of one project. It also shows EVM calculation formulas that it uses to calculate Cost, Schedule, and Predictions EVM report values. Now, follow the below steps.
How to calculate EVM online using omnicalculator.com:
- Go to this website and open up the EVM calculator.
- After that, enter the Scheduled Progress, Actual Progress, Budget, and Cost values of one or more projects.
- Next, go to the EVM report section.
- Now, view all the calculated Project Overview, Cost, Schedule, and Predictions parameters.
Additional Features:
- This website has financial calculators like Margin Call, Lost Stocks, Refinance, Personal Finance, Sales, etc.
Final Thoughts:
It is one of the best free online EVM calculator websites as it can calculate earned value management of multiple projects.
| Pros | Cons |
|---|---|
| Describes EVM | |
| Shows calculation formulas | |
| Can calculate EVM of multiple projects | |
| Shows calculation steps |
schoolmykids.com
schoolmykids.com is another free online EVM calculator website. With the help of this website, I can calculate project performance and progress. To do this calculation, it needs multiple parameters as input namely Currency Type (Dollars, Euro, Rupee, and Pounds ), Scheduled Progress, Actual Progress, Budget, and Costs. After the calculation, it shows Earned value, Cost Performance, Scheduled performance, and Prediction values. It also shows the formulas that it uses to calculate all the earned value management parameters.
This website explains earned value management and explains all the parameters involved in the EVM calculation. Now, follow the below steps.
How to calculate EVM online using schoolmykids.com:
- Visit this website and access the EVM calculator.
- After that, specify the currency type.
- Now, enter scheduled progress, actual progress, budget, and cost values.
- Next, click on the Calculate button to start the calculation.
- Finally, view all the calculated earned value management values.
Additional Features:
- This website offers multiple online tools like Root Calculator, Days Inventory Outstanding Calculator, Day Sales Outstanding Calculator, etc.
Final Thoughts:
It is another good online EVM calculator website that helps users calculate earned value management values.
| Pros | Cons |
|---|---|
| Describes EVM | |
| Shows calculation formulas | |
| Generates an EVM report |
taprun.com
taprun.com is another free online Earned Value Management calculator website. With the help of this calculator, I can determine the actual progress of a project compared to the predicted progress at the start of the project. To do that, this calculator uses three input values namely Planned Value, Earned Value, and Actual Cost in dollars. After the calculation, it generates four parameters that help users determine the earned value management which are Scheduled Performance Index, Cost Performance Index, Schedule Variance, and Cost variance.
This website describes earned value and its importance in projects. Plus, it shows all the formulas that it uses in the EVM calculation. Now, follow the below steps.
How to calculate earned value management online using taprun.com:
- Visit this website and access the Earned Value Calculator.
- After that, enter planned, earned, and actual cost values.
- Next, tap on the Calculate button.
Additional Features:
- This website has various financial calculators like CAPM, Cash Ratio, Accounting Equation, Market Share, Payback Period, etc.
Final Thoughts:
It is another capable online earned value management calculator website that also explains earned value and its benefits.
| Pros | Cons |
|---|---|
| Describes EVM and its benefits | |
| Shows calculation formulas |
a1calculator.com
a1calculator.com is another free online EVM calculator website. This website helps me calculate the earned value management parameters of multiple projects at a time. Some of the EVM parameters that it calculates are Cost Performance Index, Cost Variance, Scheduled Performance Index, Scheduled variance, Estimate to Complete, Project budget Overrun, etc. However, it doesn’t explain EVM nor it shows the formulas that it uses to calculate the EVM parameters. Now, check out the below steps.
How to calculate EVM online using a1calculator.com:
- Go to this website using the provided link.
- After that, enter Scheduled Progress, Actual Progress, Budget, and Cost values of one or more projects.
- Next, view all the calculated EVM parameters in the EVM Report.
Additional Features:
- This website has handy tools like Bounce Rate Calculator, Bradford Factor Calculator, Business Budget Calculator, Churn Rate Calculator, and more.
Final Thoughts:
It is another good online EVM calculator website that helps me calculate the EVM parameters of multiple projects.
| Pros | Cons |
|---|---|
| Can calculate EVM of multiple projects | Doesn’t offer any information related to EVM calculation |
calculatorultra.com
calculatorultra.com is a free online EVM calculator website. This website offers an Earned value calculator that uses the total project budget and completion percentage to find out the earned value. It also shows the earned value formula that it uses to calculate the earned value of a project. It also shows calculation steps and examples of earned value calculations. However, it doesn’t calculate all the earned value management parameters, unlike similar websites. Now, follow the below steps.
How to calculate earned value online using calculatorultra.com:
- Start this website and access the Earned Value Calculator.
- After that, enter the total project budget and completion percentage values.
- Now, click on the Calculate button to start the calculation process.
Additional Features:
- This website offers some handy tools like VMG Calculator, Cost Ratio Calculator, Elevator Acceleration Calculator, Length of Slope Calculator, Branch Current Calculator, etc.
Final Thoughts:
It is another simple online EVM calculator website that helps users calculate the earned value of a project in US dollars.
| Pros | Cons |
|---|---|
| Calculates the earned value of a project | Doesn’t calculate all the EVM parameters |
Frequently Asked Questions
Earned Value represents the value of the work that has been completed at a specific point in time, based on the original project plan. The formula for Earned Value is: EV= Percentage of completion * Budget at Completion.
EVM stands for Earned Value Management. It is a project management methodology that integrates the management of project scope, schedule, and cost performance. Earned Value Management provides a structured approach to measure a project's performance and progress by comparing the planned amount of work with what was actually accomplished and the costs incurred.
EVM integrates cost, schedule, and scope performance into a single set of metrics. EVM provides early warning signs of potential problems in a project. EVM uses objective metrics such as Cost Performance Index (CPI) and Schedule Performance Index (SPI) to quantify project performance.
Earned Value Management (EVM) is a valuable tool that can be applied throughout the entire life cycle of a project, including Project Planning, Project Execution, Performance Monitoring, Risk Management, etc.
Naveen Kushwaha
Passionate about tech and science, always look for new tech solutions that can help me and others.
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