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What the difference between planned value and earned value?
Planned Value is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or a work breakdown structure component Earned Value is the value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component.
What does SPI stand for?
Schedule performance index (SPI) - Earned value represents the portion of work completed in terms of cost, and planned value represents how much work was planned by this point in time in terms of cost. So, the SPI indicates how the performed work compared to the planned work. This is a measure of the schedule efficiency of a project calculated by dividing earned value (EV) by planned value (PV), as shown in the formula here: SPI = EV / PV
What is SPI in project management?
SPI stands for Schedule Performance Index. SPI is a measure of the schedule efficiency of a project calculated by dividing earned value (EV) by planned value (PV).
What is the value of a ratio?
The value of a ratio is the total
A ratio that has a value of one?
There is not a ratio that has the value of one. A ratio is assets over liabilities.
What is a spread ratio?
Spread Ratio: Interest Earned / Interest Expense
What is spread ratio?
Spread Ratio: Interest Earned / Interest Expense
What does value of a ratio mean in math?
The value of a ratio - of two numbers - is the value of the first divided by the second.
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
Enables the Government to see how much work was planned to be done compared to how much work was actually done?
Earned value management is a project management technique that enables the government to measure project performance by comparing planned work (budgeted cost of work scheduled) with actual work completed (budgeted cost of work performed). This allows the government to assess if the project is on track, over budget, or behind schedule.
What the difference between actual value and earned value?
The difference between the Actual Value & Earned Value is the Project Cost Variance
What is in a loss ratio?
The ratio of losses paid to premiums earned, usually over a period of one year
