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    CPI and SPI Project Performance Metrics

    pmstudycircle.com/cpi-vs-spi/

    Yapay zekadan makale özeti

    Fundamentals
    • Earned Value Management combines scope, schedule, and cost information
    • Planned Value (PV) represents authorized budget for scheduled work
    • Earned Value (EV) measures value of work actually completed
    • Actual Cost (AC) represents amount spent to perform work
    CPI
    • CPI compares earned value to actual cost
    • CPI = EV/AC, where 1.0 means budget is on track
    • Values above 1.0 indicate underbudget, below 1.0 indicate overbudget
    • Helps identify spending efficiency across project lifecycle
    SPI
    • SPI measures time efficiency by comparing earned value to planned value
    • SPI = EV/PV, where 1.0 means schedule is on track
    • Values above 1.0 indicate ahead of schedule, below 1.0 indicate delays
    • Allows comparison of projects of different sizes and budgets
    Key Differences
    • SPI focuses on time efficiency, CPI on cost efficiency
    • Both metrics can be used together for complete project health view
    • SPI is dimensionless, CPI is ratio-based
    • SPI can mask delays near project completion
    Best Practices
    • Establish realistic baseline early
    • Update progress regularly
    • Use work-breakdown structures for detailed analysis
    • Combine with qualitative analysis and other metrics

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