Earned value management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
It is a commonly used method of performance measurement for projects.
It integrates the scope baseline with the cost baseline, along with the schedule baseline, to form the performance baseline, which helps the project management team assess and measure project performance and progress
By Er.Nikhil Raj, Senior Planning Enginner, Navig Solution Pvt Ltd
Abstract— Execution of engineering projects are tracked against critical metrics such as safety, quality,
delivery cost and inventory. Earned value is a key parameter that helps in assessing delivery (schedule) and cost.
Static shows that 70% of projects are over budget behind schedule, 52% of all projects finish at 189% of their
initial budget and some, after huge investments of time and money, are simply never completed. The rest of this
paper gives a perspective on monitoring project health by Earned value analysis.
Earned Value Management - Quantifiable project metrics for learning the current state of a project.
Examples and Value Definitions for EVM in relation to project management.
https://agile-mercurial.com
https://twentyfirstcenturyworkforce.com/
Earned value management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
It is a commonly used method of performance measurement for projects.
It integrates the scope baseline with the cost baseline, along with the schedule baseline, to form the performance baseline, which helps the project management team assess and measure project performance and progress
By Er.Nikhil Raj, Senior Planning Enginner, Navig Solution Pvt Ltd
Abstract— Execution of engineering projects are tracked against critical metrics such as safety, quality,
delivery cost and inventory. Earned value is a key parameter that helps in assessing delivery (schedule) and cost.
Static shows that 70% of projects are over budget behind schedule, 52% of all projects finish at 189% of their
initial budget and some, after huge investments of time and money, are simply never completed. The rest of this
paper gives a perspective on monitoring project health by Earned value analysis.
Earned Value Management - Quantifiable project metrics for learning the current state of a project.
Examples and Value Definitions for EVM in relation to project management.
https://agile-mercurial.com
https://twentyfirstcenturyworkforce.com/
Introduction
Overview of Key Performance Indicators ( KPI )
What Is The Earned Value Management ?
Why Project Managers Use EVM ?
Earned Value Management Terms and Formulas
Planned value (PV)
Earned value (EV)
Actual cost (AC)
Variance
Schedule Variance ( SV )
Cost Variance ( CV )
Performance Index
Schedule Performance Index (SPI)
Cost Performance Index (CPI)
Example ( Case Study )
Project Forecasting
Budget at Completion (BAC)
Estimate at Completion (EAC)
Estimate to Complete (ETC).
Variance at Completion (VAC)
To Complete Performance Index (TCPI)
A simple example of Earned Value Management (EVM) in actionPlanisware
A simple example of Earned Value Management (EVM) calculations to illustrate the EVM article on Planisware's online Project Portfolio Management glossary.
Using The Earned Value Method To Calculate Project Delays In Terms Of TimeAhmed Elsayed
Using The Earned Value Method To Calculate Project Delays In Terms Of Time A simplified approach derived from “Practice Standard for Earned Value Management” ISBN: 1-930699-42-5 Published by: Project Management Institute, Inc.
Earned Value Management (EVM) is an effective tool for project performance measurement that, if planned properly, can play a vital role for project success. EVM is based on scope, time and cost only while risks are not accounted for in planning process. Moreover, there are difficulties in acquiring real-time Actual Cost (AC) data for continuous monitoring and control, mainly due to the communication gap between engineers and accountants. Researchers have proposed different extensions of EVM for specific projects and in general. In order to apply the proposed EVM extensions, a real-time tourism facility project with sustainable energy & water resource at Kund Malir, Baluchistan is taken as a model. Costs, schedules, scope and risks are hypothetical in the model. Planned EVM is applied to the model with and without risks. Risk Costs and Scheduled Buffers are added in Planned Value (PV) calculations basing on probability-impact matrix factors. Furthermore, task level EVM models or Task-EVMs are integrated into Project-EVM or Master-EVM in order to minimize the problems being faced in acquiring real-time data. Industry specific application and research of EVM extensions proposed in this paper can be a good area for future research. Moreover, establishment of tourism facilities at unexplored or less explored areas of Sindh and Baluchistan can be another real-time research as well as a business project.
Here’s something from the APM PMC SIG that you may find useful in your day-to-day business in Project Control Earned Value and Agile. Now there's a potent combination. This Gold Card summarises the terms and Three Letter Abbreviations used by EV and Agile. It also shows how similar EV and Agile really are.
Even better, it shows how to translate between the two. A project control Babel Fish (for those of you who remember the book...) The real trick is to try and make a mousemat out of it (the PDF that is...not the Hitchhiker's Guide). Remember, this product may help you in your quest to demand rigidly defined areas of doubt and uncertainty.
Learn how to create preventive maintenance schedules and see examples of PMs with different procedure intervals, linking procedure tasks, and automation.
Presented to the American Society for Quality (ASQ) section 511 for Quality professionals to use to evaluate the methods and results of earned value management on prohects
Introduction
Overview of Key Performance Indicators ( KPI )
What Is The Earned Value Management ?
Why Project Managers Use EVM ?
Earned Value Management Terms and Formulas
Planned value (PV)
Earned value (EV)
Actual cost (AC)
Variance
Schedule Variance ( SV )
Cost Variance ( CV )
Performance Index
Schedule Performance Index (SPI)
Cost Performance Index (CPI)
Example ( Case Study )
Project Forecasting
Budget at Completion (BAC)
Estimate at Completion (EAC)
Estimate to Complete (ETC).
Variance at Completion (VAC)
To Complete Performance Index (TCPI)
A simple example of Earned Value Management (EVM) in actionPlanisware
A simple example of Earned Value Management (EVM) calculations to illustrate the EVM article on Planisware's online Project Portfolio Management glossary.
Using The Earned Value Method To Calculate Project Delays In Terms Of TimeAhmed Elsayed
Using The Earned Value Method To Calculate Project Delays In Terms Of Time A simplified approach derived from “Practice Standard for Earned Value Management” ISBN: 1-930699-42-5 Published by: Project Management Institute, Inc.
Earned Value Management (EVM) is an effective tool for project performance measurement that, if planned properly, can play a vital role for project success. EVM is based on scope, time and cost only while risks are not accounted for in planning process. Moreover, there are difficulties in acquiring real-time Actual Cost (AC) data for continuous monitoring and control, mainly due to the communication gap between engineers and accountants. Researchers have proposed different extensions of EVM for specific projects and in general. In order to apply the proposed EVM extensions, a real-time tourism facility project with sustainable energy & water resource at Kund Malir, Baluchistan is taken as a model. Costs, schedules, scope and risks are hypothetical in the model. Planned EVM is applied to the model with and without risks. Risk Costs and Scheduled Buffers are added in Planned Value (PV) calculations basing on probability-impact matrix factors. Furthermore, task level EVM models or Task-EVMs are integrated into Project-EVM or Master-EVM in order to minimize the problems being faced in acquiring real-time data. Industry specific application and research of EVM extensions proposed in this paper can be a good area for future research. Moreover, establishment of tourism facilities at unexplored or less explored areas of Sindh and Baluchistan can be another real-time research as well as a business project.
Here’s something from the APM PMC SIG that you may find useful in your day-to-day business in Project Control Earned Value and Agile. Now there's a potent combination. This Gold Card summarises the terms and Three Letter Abbreviations used by EV and Agile. It also shows how similar EV and Agile really are.
Even better, it shows how to translate between the two. A project control Babel Fish (for those of you who remember the book...) The real trick is to try and make a mousemat out of it (the PDF that is...not the Hitchhiker's Guide). Remember, this product may help you in your quest to demand rigidly defined areas of doubt and uncertainty.
Learn how to create preventive maintenance schedules and see examples of PMs with different procedure intervals, linking procedure tasks, and automation.
Presented to the American Society for Quality (ASQ) section 511 for Quality professionals to use to evaluate the methods and results of earned value management on prohects
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
A brief introduction on various concepts of Project Cost, covering various types of Project Costs, Processes to be followed for developing project budget, project budget components, contingency and management reserves, earned value management
Track Project Performance - Earned Value ManagementBaroness PM
Earned Value Management (EVM) is a project management methodology used to track project performance as well as forecast future performance. This presentation will walk you through the calculations for EVM as well as performance reporting
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
3. Three key values
• Total Budget
• BCWS
• The budgeted cost of individual tasks as they are scheduled in the project plan, based on the costs of the resources that are
assigned to those tasks, plus any fixed costs that are associated with the tasks. This is the budgeted cost of work scheduled
(BCWS). BCWS is the baseline cost up to the status date that you choose. Budgeted cost values are stored in the baseline
fields, or, if you saved multiple baselines, in the Baseline1 through Baseline10 fields.
• PV or BCWS = Hourly Rate * Total Hours Planned or Scheduled
• ACWP
• The actual cost that is required to complete all or some portion of the tasks, up to the status date. This is the actual
cost of work performed (ACWP). Normally, Microsoft Office Project 2007 correlates the actual costs with the actual
work.
• AC or ACWP = Hourly Rate * Total Hours Spent
• BCWP
• The value of the work that is performed by the status date, measured in currency. This is literally the value earned by
the work performed and is called the budgeted cost of work performed (BCWP). This value is calculated for each
individual task, but is analyzed at an aggregate level (typically at the project level).
• EV or BCWP = Baselined Cost * % Complete Actual
6/21/2016 Project Managment 3
4. Cost Variance %
• Cost Variance (CV) = Earned Value (EV) - Actual Cost (AC)
• Or
• Cost Variance (CV) = BCWP - ACWP
Cost Variance
• Cost Variance % indicates how much over or under budget the project is in terms
of percentage.
• CV % = Cost Variance (CV) / Earned Value (EV)
• Or
• CV % = CV / BCWP
6/21/2016 Project Managment 4
5. Cost Performance Indicator (CPI)
• Cost Performance Indicator is an index showing the efficiency of the
utilization of the resources on the project. Cost Performance Indicator
can be calculated using the following formula:
• CPI = Earned Value (EV) / Actual Cost (AC)
• Or
• CPI = BCWP / ACWP
6/21/2016 Project Managment 5
6. Schedule Variance
• Schedule Variance indicates how much ahead or behind schedule the
project is.
• Schedule Variance (SV) = Earned Value (EV) - Planned Value (PV)
• Or
• Schedule Variance (SV) = BCWP - BCWS
Schedule Variance %
• Schedule Variance % indicates how much ahead or behind schedule
the project is in terms of percentage.
• SV % = Schedule Variance (SV) / Planned Value (PV)
• Or
• SV % = SV / BCWS
6/21/2016 Project Managment 6
7. Schedule Performance Indicator (SPI)
• Schedule Performance Indicator is an index showing the efficiency of
the time utilized on the project. Schedule Performance Indicator can
be calculated using the following formula:
• SPI = Earned Value (EV) / Planned Value (PV)
• Or
• SPI = BCWP / BCWS
6/21/2016 Project Managment 7
8. To Complete Schedule Performance Indicator
(TSPI)
• To Complete Schedule Performance Indicator is an index showing the
efficiency at which the remaining time on the project should be
utilized. This can be calculated using the following formula:
• TSPI = ( Total Budget - EV ) / ( Total Budget - PV )
• Or
• TSPI = ( Total Budget - BCWP ) / ( Total Budget - BCWS )
6/21/2016 Project Managment 8
9. MS Project - Earned Value
• Tables
• Entry – Resources Sheet - Cost
• On the View menu, point to Table, and then click More Tables
• In the Tables list, click Earned Value, Earned Value Cost Indicators, or Earned Value
Schedule Indicators, and then click Apply.
• Create Baseline
• Set “advanced” options to calculate based in which baseline
• And set the Earned Value Calculation method
• Reports
• Use the Earned Value Over Time report to view a chart that plots AC (actual cost of
work performed), planned value (budgeted cost of work scheduled), and earned
value (budgeted cost of work performed) over time. To generate this report, on the
Report menu, click Visual Reports. Click Earned Value Over Time and then click View
6/21/2016 Project Managment 9
15. Project Forecast
• Budget At Completion (BAC)
• Budget At Completion (BAC) is the total budget allocated to the
project.
• Budget At Completion (BAC) is generally plotted over time. Say like
periods of reporting (Monthly, Weekly, etc.)
• BAC is used to compute the Estimate At Completion (EAC), explained
in next section.
• BAC is also used to compute the TCPI and TSPI.
• BAC = Baseline Effort-hours * Hourly Rate
6/21/2016 Project Managment 15
16. Estimate To Complete (ETC)
• Estimate To Complete (ETC) is the estimated cost required to
complete the remainder of the project.
• Estimate To Complete (ETC) is calculated and applied when the past
estimating assumptions become invalid and a need for fresh
estimates arises.
• ETC is used to compute the Estimation At Completion (EAC).
6/21/2016 Project Managment 16
17. Estimate At Completion (EAC)
• Estimate At Completion (EAC) is the estimated cost of the project at the
end of the project.
• There are three methods to calculate EAC:
• Variances are Typical - This method is used when the variances at the current stage
are typical and are not expected to occur in the future.
• Past Estimating Assumptions are not valid - This method is used when the past
estimating assumptions are not valid and fresh estimates are applied to the project.
• Variances will be present in the future - This method is used when the assumption is
that the current variances will continue to be present in the future.
• The formulas for calculation of the three methods are as given below:
• AC + (BAC - EV)
• AC + ETC (Estimate To Complete)
• AC + (BAC- EV) / CPI
6/21/2016 Project Managment 17
18. Variance At Completion (VAC)
• Variance At completion (VAC) is the variance on the total budget at the end
of the project.
• This is the difference between what the project was originally expected
(baselined) to cost, versus what the it is now expected to cost.
• VAC = BAC – EAC
• % Completed Planned
• The percentage of work which was planned to be completed by the Reporting Date.
This is calculated using the following formula:
• % Completed Planned = PV / BAC
• % Completed Actual
• The percentage of work which was actually completed by the Reporting Date. This is
calculated using the following formula:
• % Completed Actual = AC / EAC
6/21/2016 Project Managment 18
19. Earned Value Focuses on
• % Completed Planned
• The percentage of work which was planned to be completed by the Reporting
Date. This is calculated using the following formula:
• % Completed Planned = PV / BAC
• % Completed Actual
• The percentage of work which was actually completed by the Reporting Date.
This is calculated using the following formula:
• % Completed Actual = AC / EAC
6/21/2016 Project Managment 19
The formula mentioned above gives the efficiency of the project team in utilizing the time allocated for the project.
SPI value above 1 indicates project team is very efficient in utilizing the time allocated to the project.
SPI value below 1 indicates project team is less efficient in utilizing the time allocated to the project.