An object is to sequentially calculate planned COPs. Provided is a performance evaluation device for a variable-speed centrifugal chiller that includes a data acquisition unit that acquires operating data of the variable-speed centrifugal chiller as input data; a storage unit that stores a first arithmetic equation derived on the basis of mechanical characteristics of the chiller and used for calculating a relative load factor that relatively expresses a relationship between a current load factor at a current coolant inlet temperature and a predetermined load factor at a predetermined coolant inlet temperature set as a reference operating point, a second arithmetic equation that expresses a relationship between the relative load factor and a correction coefficient, and a third arithmetic equation used for calculating a planned COP by using the correction coefficient to correct a COP calculation equation derived from a reverse Carnot cycle; and an arithmetic unit that calculates the planned COP under current operating conditions by using the operating data acquired by the data acquisition unit in the first, second, and third arithmetic equations stored in the storage unit.