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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Glossary » What is Schedule Performance Index?
What is Schedule Performance Index?  

What is Schedule Performance Index?



 
 

Schedule Performance Index (acronym "SPI") is a measure of efficiency of a project schedule to determine how well this schedule is performed in terms of work initially planned and work actually done. The measure is used by project managers and leaders on a regular basis to assess schedule progress by calculating the ratio of work physically performed versus work scheduled, with regard to approved budget.

The measure of SPI is used in earn value analysis in projects to explore any cost-related problems and their impact to scheduled project activities and jobs. It is calculated by the following general formula:

 BCWP

SPI = --------------

BCWS

 BCWP means Budgeted Cost of Work Performed

BCWS means Budgeted Cost of Work Scheduled

 The ratio between the parameters in the formula shows whether the actual value of scheduled activities correlates with the planned value. A higher SPI proves that the amount of actual work is scheduled rather efficiently. If the measure tends to decline, than the work seems to be planned inefficiently and the overall schedule is likely to be inefficient as well.

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