What is project SPI?
The schedule performance index (SPI) is a measure of how close the project is to being completed compared to the schedule. As a ratio it is calculated by dividing the budgeted cost of work performed, or earned value, by the planned value.
How is SPI and CPI calculated in MS project?
The cost performance index (CPI) is a measure of the conformance of the actual work completed (measured by its earned value) to the actual cost incurred: CPI = EV / AC. The schedule performance index (SPI) is a measure of the conformance of actual progress (earned value) to the planned progress: SPI = EV / PV.
What is SPI in agile?
The Cost Performance Index (CPI) and Schedule Performance Index (SPI) give a measure of efficiency. They show how efficiently you are actually spending your budgeted costs and time as compared to how efficiently you have planned to spend them.
What is SPI and CPI result?
SPI (Semester Performance Index) is calculated in every semester. Formula to calculate SPI is. CPI is calculated using credit of all subjects and Grade Achieved by Student in subject. What is CPI ? CPI Means Cumulative Performance Index.
What is earned value chart?
Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan. Simply put, it’s a quick way to tell if you’re behind schedule or over budget on your project. You can calculate the EV of a project by multiplying the percentage complete by the total project budget.
What is earned value formula?
Earned value represents the amount of the work that’s actually completed. It’s the value the project has produced. … As mentioned earlier here is the formula to calculate the earned value: EV = Percent complete (actual) x Task Budget.
What is SPI CPI and CGPA?
What is SPI CPI CGPA? CPI is the average of SPI of all semesters. CGPA is the average of the last 4 semesters.
How is SPI and CPI calculated?
While SPI measures scheduling efficiency, CPI measures the project’s cost efficiency. It’s the ratio of the work completed to date to the total amount spent to complete the work. The CPI formula is: Cost Performance Index (CPI) = Earned Value (EV) / Actual Cost (AC)
What does an SPI of 0.8 indicate?
An SPI of 0.8 indicates the project is 20% behind schedule. … A CPI less than one indicates the project is over budget and a CPI greater than one indicates the project is under budget. A CPI of 0.8 indicates the project is 20% over budget.
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.
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.