Schedule Performance Index = SPI = EV/PV. Schedule Variance = Earned Value – Planned Value, or SV = EV – PV. Cost Variance = Earned Value – Actual Cost, or CV = EV – AC.CPI is considered the most critical EVM metric and measures the cost efficiency for the work completed. Formula for Schedule Performance Index.In other words, the CPI doesn’t measure changes in consumer prices. This data is then plugged into a formula along with other factors including census information and consumer spending patterns.
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