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Project Management Metrics





  1. Planned Value
  2. Earned Value
  3. Actual Cost
  4. Cost Variance
  5. Schedule Variance
  6. Cost Performance Index
  7. Schedule Performance Index

Scenario




ActivityDaysCost per day (in Indian rupees)Planned Cost (Days * Cost per day)
Requirement Gathering38002400
Design26001200
Development49003600
Testing47002800
Production deployment35001500
Total budget11500




Actual values(after 8 days)
ActivityIncurred CostActual % complete
Requirement Gathering2400100%
Design1500100%
Development270050%
Testing00%
Production deployment00%
Sum of actual cost6600



Planned Value




Planned days * Cost per day


ActivityDaysCost per day (in Indian rupees)Planned valueComments
Requirement Gathering380024003 days are allocated to this task. So, this task must be 100% completed
Design260012002 days are allocated to this task. So, this task must be 100% completed
Development49002700On the 8th day, this task should be 75% completed as per the plan.
Testing47000
Production deployment35000



Earned Value




Planned Cost * Actual percentage Completed


ActivityActual % completePlanned CostEarned Value
Requirement Gathering100%24002400
Design100%12001200
Development50%36001800
Testing0%28000
Production deployment0%15000



Actual Cost




Actual number of  days * Cost per day


ActivityDaysCost per dayActual cost (After 8 days)
Requirement Gathering38002400
Design26001200
Development49002700
Testing47000
Production deployment35000



Cost Variance




Earned Value - Actual Cost


ActivityDaysCost per dayActual cost (After 8 days)Earned Value(After 8 days)
Requirement Gathering380024002400
Design260012001200
Development490027001800
Testing470000
Production deployment350000
Total63005400





Schedule Variance




Earned Value - Planned Value


ActivityDaysCost per dayEarned Value(After 8 days)Planned value
Requirement Gathering380024002400
Design260012001200
Development490018002700
Testing470000
Production deployment350000
54006300





Cost Performance Index




Earned Value/Actual Cost


ActivityDaysCost per dayActual cost (After 8 days)Earned Value(After 8 days)Cost Performance Index
Requirement Gathering380024002400
Design260012001200
Development490027001800
Testing470000
Production deployment350000
630054000.86





Schedule Performance Index




Earned Value/Planned Value


ActivityDaysCost per dayEarned ValuePlanned Value
Requirement Gathering380024002400
Design260012001200
Development490018002700
Testing470000
Production deployment350000
Total54006300





Note - SPI Should Be Greater Than Or Equal To 1.





Posted By  -  Karan Gupta
 
Posted On  -  Thursday, November 4, 2021

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