The schedule performance index (spi) measures the accuracy or efficiency of the work done against the work predicted by the schedule it is a ratio when it is equal to 1, the amount of work is equal to what was planned. The other is the schedule performance index, or spi this is also a ratio that divides the budgeted cost of work performed by the budgeted cost of work scheduled spi example. In 2014 we published an article on earned value management which looked at how a project manager can measure the performance of a project as a percentage metric additional metrics which a project manager may find use are schedule performance index (spi) and cost performance index (cpi). Schedule performance index (spi): a measure of schedule efficiency on a project it is the ratio of earned value (ev) to planned value (pv) it is the ratio of earned value (ev) to planned value (pv).
Calculate point-in-time performance data such as cost variance (cv), schedule variance (sv), cost performance index (cpi), and schedule performance index (spi) calculate forecasts of performance using earned value algorithms such as estimate at completion (eac) and estimate to completion (etc). The earned value analysis covered in this article are cost performance index (cpi) and schedule performance index (spi) both cpi and spi pertain to project cost management. Earned value project management calculator solving for cost performance index cpi given budgeted cost of work performed bcwp and schedule performance index (spi) .
Earned value analysis (cost performance index - cpi and schedule performance index - spi) in project cost management learn how to calculate earned value critical path examples: identify the critical path in a precedence diagram (network diagram) by using the critical path method. Schedule performance index apmx has been providing competency based project management training to fortune 500 schedule performance index schedule update . This is known as the schedule performance index, the a guide to the project management the evm model provided here establishes the time dependence of cpi . Spi over 1 means that your project is ahead of schedule, which is a good thing so this means that most likely there is something wrong in your calculation. Schedule performance index (earned value analysis) february 25, 2016 by bernie roseke 2 comments in project management, getting an early indication of problems is the silver bullet that allows the project manager to correct the problems before they start.
Welcome to project management questions please give me a complete walk through on how to calculate the schedule performance index or spi. Top project management benchmarking measures include return on investment (roi), productivity, cost performance, cycle time, customer satisfaction, schedule performance, employee satisfaction and alignment with strategic business goals. The schedule performance index is the ratio of total original authorized duration versus total final project duration the ability to accurately forecast schedule helps meet time-to-market windows. The second ratio is the schedule performance index (spi), which is defined by the ration ev pv this ratio is a measure of how close the project is to.
A project’s time performance is measured by the schedule variance sv or the schedule performance index spi, as discussed in “earned value management: measuring a project’s performance” however, the earned schedule technique allows to measure alternative versions of the schedule performance index and variance, as follows:. Earned value project management calculator solving for schedule performance index spi given budgeted cost of work performed bcwp and budgeted cost of work scheduled bcws. Schedule performance index kim, pmp: project management thank you for providing the paper entitled “manage project performance with evm and control charts. Key performance indicators (kpis) change as objectives are met, or management focus shifts kpi project management examples project schedule (agile or .
Schedule performance index (spi) & cost performance index (cpi) by fahad usmani 150 comments this blog post is the fourth blog post in a series of seven on earned value management and project forecasting. Schedule performance index (spi) per project is a project management key performance indicator that answers the question 'is your project behind or ahead of the schedule until now in terms of time'.
How to calculate and interpret spi as it is used in earned value analysis in project management from project management fundamentals, a new type of textbook d. Spi stands for schedule performance index the spi is a very powerful measure of the amount of work actually completed on a project it is part of the earned value management techniques. Therefore, one can also easily calculate the cost performance index, cpi(t), and schedule performance index, spi(t), both of which are also functions of time the ability to make schedule forecasts without performing a complete bottom-up analysis has been long desired by project managers. The project management institute (pmi, 2008) defined evm as a management methodology for integrating the project’s scope, schedule, and resources, and for objectively measuring project performance and progress from project initiation through closeout.