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projectteamisusingitstime.Itissometimesusedinconjunctionwiththecostperformanceindex
(CPI)toforecastthefinalprojectcompletionestimates.
AnSPIvaluelessthan 1. 0 indicateslessworkwascompletedthanwasplanned.AnSPIgreaterthan
- 0 indicatesthatmoreworkwascompletedthanwasplanned.BecausetheSPImeasuresallproject
work,theperformanceonthecriticalpathalsoneedstobeanalyzedtodeterminewhetherthe
projectwillfinishaheadoforbehinditsplannedfinishdate.TheSPIisequaltotheratiooftheEVto
thePV.Equation:SPI=EV/PV
...
Thethreeparametersofplannedvalue,earnedvalue,andactualcostcanbemonitoredand reported
onbothaperiod-by-periodbasis(typicallyweeklyormonthly)andonacumulativebasis. Figure 7 –
12 usesS-curvestodisplayEVdataforaprojectthatisperformingoverbudgetandbehindschedule.