WebThe cost performance index (CPI) and schedule performance index (SPI) values are calculated using the planned value, earned value and the actual value of the project, for … WebJan 3, 2024 · A Performance Factor is a multiplier that you can use to trend the remaining ETC values based on past project performances. You can base these performance factors on a simple 1 value, meaning not trending. Or, they can be set to trend based on the Cost Performance Index (CPI), Schedule Performance Index (SPI), or both.
The practical calculation of schedule variance PMI
WebMar 10, 2024 · About CPI Overview Overview Info for Survey Participants Questions & Answers Notices Contact CPI Bureau of Labor Statistics > Consumer Price Index > … Based on the mentioned values, calculating the SPI CPI: Cost Performance Index = 170/200 Cost Performance Index = 0.85 Schedule Performance Index = 170/250 Schedule Performance Index = 0.68 The results indicate the requirement for improvement in work performance according to cost and time. See more The ratio of the Cost Performance Index contains Earned Value in the numerator and Actual Cost in the denominator. The actual cost is the expenditure done to achieve particular results. See more The CPI ratio will have either of the three results: a CPI equal to 1, less than one or greater than 1. 1. CPI equal to one suggests work done … See more Mathematically, CPI is calculated by the formula - CPI = EV/AC, where EV represents the earned value, and AC represents the Actual … See more matthew udewitz
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WebFeb 20, 2024 · “The Cost Performance Index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost”. 4. The difference between CPI and SPI . Ans. CPI measures the cost efficiency of the project parameters while SPI measures the time efficiency of the project parameters. 5. WebJan 19, 2024 · Cost Performance Index (CPI): Cost Performance Index (CPI) is the measure of the cost efficiency of project. It is expressed as a ratio of earned value to actual cost. … WebAug 20, 2024 · CPI = EV / AC Similar to SPI, CPI is also a ratio of 2 numbers and doesn’t have any units. As with SPI, there are 3 possibilities for CPI value as well: CPI = 1 (CPI equal to 1) This would happen when … matthew udon