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It is an index that integrates the three variables of a project (scope, time and cost) into a single value-based index where: Scope is monetized as the value the project is expected to generate if it is completed on a certain date; Time is a plus or minus monetary value if the completion is earlier or later than the target date; and
The To-Complete Performance Index (TCPI) required to complete the project on plan, assuming the Budget at Completion (BAC) remains unchanged (i.e., EAC = BAC). The Estimated At Completion (EAC) calculated under the assumption that the Cost Performance Index (CPI) remains constant (i.e., TCPI = CPI).
Traditionally, EVM tracks schedule variances not in units of time, but in units of currency (e.g. dollars) or quantity (e.g. labor hours). Of course, it is more natural to speak of schedule performance in units of time, but the problems with traditional schedule performance metrics are even deeper.
The items identified in the Work breakdown structure plus overhead costs, plus costs related in proportion to the planning and performance.) According to the PMBOK (7th edition) by the Project Management Institute (PMI), Earned Value (EV) is defined as the "measure of work performed expressed in terms of the budget authorized for that work." [3]
Inputs: Schedule management plan, schedule baseline, performance reports, approved change requests; Tools: Progressive elaboration reporting, schedule change control system, performance measurement, project management software, variance, analysis, schedule comparison bar charts
Future effort estimates are made by providing size and calculating the associated effort using the equation which fit the original data (usually with some error). SLIM (Software LIfecycle Management) is the name given by Putnam to the proprietary suite of tools his company QSM, Inc. developed, based on his model.
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The rating percentage index, commonly known as the RPI, is a quantity used to rank sports teams based upon a team's wins and losses and its strength of schedule. It is one of the sports rating systems by which NCAA basketball , baseball , softball , hockey , soccer , lacrosse , and volleyball teams are ranked.