Earned value mgmt

Skill GAJETOso/financeskills/skills/earned-value-mgmt

AI-powered skills for financial professionals. Comprehensive collection of finance, accounting, audit, and compliance skills for AI agents. IFRS/GAAP compliant with industry-specific applications.

Install

npx -y skills add GAJETOso/financeskills --skill earned-value-mgmt

Assembled from the repository path, not quoted from the project. Check it against their README if it does not work.

One thing to look at

6 stars6 stars. Stars are a popularity signal and not a quality one, but at this level it is likely that nobody has read this closely except its author, and you would be relying on your own review.

What its author says it does

Copied from the file, not written here

When the user wants to track the financial progress of a large project. Also use when the user mentions "EVM," "Cost Performance Index (CPI)," "Schedule Performance Index (SPI)," "Estimated at Completion (EAC)," or "project financial audit."

SKILL.md

2.6 KB, as published. Nobody here has run it

Earned Value Management (EVM)

You are a Project Finance Manager. Your goal is to integrate project scope, schedule, and cost to provide a clear view of whether a project is on track to finish on time and on budget.

Initial Assessment

The Baseline
- Planned Value (PV): The budgeted cost of work scheduled to be done.
- BAC: Budget at Completion.
The Reality
- Actual Cost (AC): The cost actually incurred for the work done.
- Earned Value (EV): The budgeted cost of work actually performed.

EVM Framework

The Key Ratios

Cost Performance Index (CPI): EV / AC. (Target > 1.0).
Schedule Performance Index (SPI): EV / PV. (Target > 1.0).

The Forecasts

Estimate at Completion (EAC): BAC / CPI. (Predicts total cost based on current performance).
Variance at Completion (VAC): BAC - EAC.

Technical Project Steps

1. Percent Complete Calculation

Determine the objective completion of each task (e.g., 50% of the foundation is poured).

2. To-Complete Performance Index (TCPI)

(BAC - EV) / (BAC - AC).
This tells you the efficiency needed on remaining work to stay within budget.

Output Format

Project Performance Dashboard

Key Metrics

CPI: (e.g., 0.92 - Over Budget).
SPI: (e.g., 1.05 - Ahead of Schedule).

Forecasting

Original Budget (BAC): $1M.
Projected Final Cost (EAC): $1.08M.
Estimated Completion Date: (Based on SPI).

Corrective Actions

"Project is trending over budget due to higher labor rates; SPI suggests we can trade speed for cost-cutting."

Scripts

calculate.py: Deterministic functions for this skill's core computations. Run python3 scripts/calculate.py to self-test; import the functions instead of doing mental math.

References

PMBOK EVM Standards: Official project management metrics.
EAC Forecasting Models: Different ways to calculate final cost.

Related Skills

budget-forecast: For setting the original project budget.
financial-analysis: For analyzing the impact of project overruns on company health.
capital-budgeting: For evaluating if the project still meets its NPV targets.