To calculate your project’s SPI performance, the formula is:
- Schedule Performance Index (SPI) = Earned Value (EV) / Planned Value (PV)
- SPI = EV / PV.
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How is CPI and SV SPI calculated?
SV= EV-PV. Since PV is equal to AC, then CV=SV. – Cost Performance Index (CPI): The CPI measures the value of the work performed over its actual cost (measure of cost efficiency). CPI= EV/AC.
How is SPI and CPI calculated with example?
Earned Value Analysis Example 1
- Cost Performance Index (CPI) = EV / AC = $90,000 / $100,000 = 0.90. This means for every $1 spent, the project is producing only 90 cents in work.
- Schedule Performance Index (SPI**)** = EV / PV = $90,000 / $135,000 = 0.67.
How is SPI calculated p6?
Schedule Performance Index (SPI) measures the physical work accomplished against the amount of work that was planned and is calculated as SPI = Earned Value Cost/Planned Value Cost.Remaining money is calculated as Estimate at Completion (EAC) minus the Actual Cost (AC).
What does a SPI of 1.0 mean?
exactly on schedule
An SPI of 1.0 means that the project is exactly on schedule, that the work actually done so far is exactly the same as the work planned to be done so far. Other values show the percentage of how much costs are over or under the budgeted amount for work planned.
What is CPI and SPI in college?
The full form of SPI is the Schedule Performance Index whereas the full form of CPI is Cost Performing Index. SPI measures the schedule efficiency of a product and the cost-efficiency of a product is measured by CPI.
How do you calculate CPI in project management?
The Cost Performance Index (CPI) is a method for calculating the cost efficiency and financial effectiveness of a specific project through the following formula: CPI = earned value (EV) / actual cost (AC). A CPI ratio with a value higher than 1 indicates that a project is performing well budget-wise.
What does a SPI value of 1 mean Mcq?
What does a SPI value of 1 mean? The index value = 1 refers to the first version of the schedule plan The project is behind the planned schedule The project is in line with the planned schedule The project is ahead of the planned schedule.
How do you calculate EV and PV?
Calculating earned value
- Planned Value (PV) = the budgeted amount through the current reporting period.
- Actual Cost (AC) = actual costs to date.
- Earned Value (EV) = total project budget multiplied by the % of project completion.
How is college SPI calculated?
Introduction To Terms
- Cumulative Grade Point Average.
- SPI to Percentage: Semester Percentage Index.
- SPI = (C1*g1 + C2*g2 + C3*g3 + C4*g4 + C5*g5) / C1 + C2 + C3 + C4 + C5.
- Percentage= (SPI – 0.5) * 10.
What is SPI planning?
The schedule performance index (SPI) is a measure of the conformance of actual progress (earned value) to the planned progress: SPI = EV / PV. In both of the above formulas, a value of 1.0 indicates that the project performance is on target.
What is SPI in Primavera?
Schedule Performance Index (SPI) is a measure of the work accomplished as a percentage of the work scheduled, SPI indicates whether you are meeting earned and planned values within your schedule.
What is a good SPI?
The CPI is only one aspect of determining the progress of a project.As with the CPI, SPI values under 1 are not good because they mean the project is behind schedule. A value of 1 means the project is on schedule, and a value more than 1 means the project is ahead of schedule.
What does an SPI of zero mean?
SPI = 0 means the project work has not started. SPI = 0.5 means the project has performed half the work it was supposed to at this point. SPI = 1.0 means the project is on schedule.
How is SPI marks calculated?
CPI marks are calculated as the sum of SPIs/number of semister. CPI = SPIs (SEM 1+SEM2+SEM3+SEM4+SEM5+SEM6+SEM7+SEM8)/8.
What is important SPI or CPI?
CPI actually measures the performance regarding the budget of the project and it describes the amount of money spent on the project. On other hand SPI measures the performance regarding the scheduled time of the project and also describes the amount of time consumed on the project.
How do I find the CPI?
To find the CPI in any year, divide the cost of the market basket in year t by the cost of the same market basket in the base year. The CPI in 1984 = $75/$75 x 100 = 100 The CPI is just an index value and it is indexed to 100 in the base year, in this case 1984. So prices have risen by 28% over that 20 year period.
What is Pi in KVS?
What is the full form of PI?? 9 mos Report. Sunil Gautam. PI = Performance Index.
What does a CPI of 1 mean?
If the ratio has a value higher than 1 then it indicates the project is performing well against the budget. A CPI of 1 means that the project is performing on budget. A CPI of less than 1 means that the project is over budget.
What does a cost variance of 0 mean?
a positive cost variance (CV > 0) indicates that the earned value exceeds the actual cost, and. a cost variance of 0 which means that the budget is met, i.e. the actual cost is equivalent to the earned value.
Which one is captured in WBS?
Work Breakdown Structure (WBS) is the most important project management tool. WBS captures the entire project scope of work in a very objective fashion. A well designed WBS guides the project team to do project planning, project execution and project control effectively.