5 – Define the three Earned Value performance Indices SPI, CPI and CSI?
Define the three Earned Value performance Indices SPI, CPI and CSI?
Get 50% discount on our online courses (see links below) with this voucher:
DCA4FRIENDS
01:34 – Describing the efficiency parameters SPI, CPI and CSI
02:50 – Schedule Performance Index or SPI
05:40 – Cost Performance Index or CPI
11:25 – Cost Schedule Index or CSI
13:25 – SPI/CPI Quadrant and Project Schedule and Cost Position
17:30 – Exercise – to complete in comments
From the basic EVM parameters, it is possible to calculate the schedule, cost and combined performance of the project.
The performance indices express the efficiency related to schedule, cost and both.
The SPI = EV/PV and expresses the schedule performance. For and SPI larger than or equal to 1, we have a project which is ahead or on schedule. For an SPI smaller than 1, the project is behind schedule.
The CPI = EV/AC and expresses the cost performance. For a CPI larger than or equal to 1, the project is below or on budget. For a CPI smaller than 1, the project is above budget.
The final parameter is the CSI = SPI x CPI and is the overall efficiency of the project and its value should be as close as possible to 1.
We will use these parameters later to estimate the completion time of the project and its cost at completion
More about our online courses:
Apply our Voucher for 50% discount of public price:
DCA4FRIENDS
Project Management Basics
Learn the basics about projects and project management in this 14.5-hour course and get yourself a head start over your colleagues and peers
https://deceusteracademy.com/courses/project-management-tools-and-techniques/
Fast Track to Earned Value Management
Get a quick overview of how earned value management works and how you can use it for your projects. Understanding EVM will give you a clear advantage over other project managers.
https://deceusteracademy.com/courses/fast-track-to-earned-value-management/
Quality for Operations and Project Managers
Quality is a very important issue in operations management but also in project management. Understanding the principles of quality, the tools and the applications will ensure that your projects are providing the expected quality and your stakeholders will be very satisfied.
https://deceusteracademy.com/courses/quality-for-operations-and-project-managers/
Introduction to time value of money
Financial parameters are very import when considering the financial viability of the project. Understand the principle of time value of money, compounded interest and discover the main financial parameters that you can use to evaluate the financial performance of your project like PBT, ROI, NPV, and IRR.
https://deceusteracademy.com/courses/time-value-of-money/
Subscribe to this channel for more Project Management, Financial and Business content and leave a comment below if you have any questions.
Website:
Follow me on FB for more Project Management tips and tricks:
https://www.facebook.com/deceusteracademy/
#PMP #ProjectManagement #DeCeusterAcademy