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Cost Performance Index in Project Management

This document defines key project management metrics including the cost performance index (CPI), schedule performance index (SPI), cost variance (CV), and schedule variance (SV). It explains how to calculate each using variables like budgeted cost of work performed, actual cost of work performed, and budgeted cost of work scheduled. Formulas for CPI, SPI and their interpretations for being under, on or over budget and schedule are also provided.

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Dev S Jadon
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16 views1 page

Cost Performance Index in Project Management

This document defines key project management metrics including the cost performance index (CPI), schedule performance index (SPI), cost variance (CV), and schedule variance (SV). It explains how to calculate each using variables like budgeted cost of work performed, actual cost of work performed, and budgeted cost of work scheduled. Formulas for CPI, SPI and their interpretations for being under, on or over budget and schedule are also provided.

Uploaded by

Dev S Jadon
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

PROJECT MANAGEMENT

COST PERFORMANCE INDEX

cost performance index (CPI)

budgeted cost of work performed (BCWP)

actual cost of work performed (ACWP)

SCHEDULE PERFORMANCE INDEX

schedule performance index (SPI)

budgeted cost of work performed (BCWP)

budgeted cost of work scheduled (BCWS)

COST VARIANCE
cost variance (CV)
budgeted cost of work performed (BCWP)
actual cost of work performed (ACWP)
SCHEDULE VARIANCE
schedule variance (SV)
budgeted cost of work performed (BCWP)
budgeted cost of work scheduled (BCWS)
SCHEDULE VARIANCE
variance at completion (VAC)
budget at completion (BAC)
estimate at completion (EAC)
EV: Earned Value
PV: Planned Value
AC: Actual Cost
CV: Cost Variance SV: Schedule Variance
BAC: Budgeted Cost at Completion
ETC: Estimated Cost to Complete Remaining Work
EAC: Estimated Cost at Completion
VAC: Cost Variance at Completion
CPI = EV / AC
SPI = EV / PV
INDEX CPI SPI

>1.00 UNDER RUN AHEAD OF SCHEDULE

=1.00 ON COST ON SCHEDULE

<1.00 OVER RUN BEHIND SCHEDULE

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