How do you show earned value in MS project?
Click the visual reports button that appears in the export.
What does the CPI say about the project?
If the ratio has a value higher than 1 then it indicates the project is performing well against the budget. A CPI of 1 means that the project is performing on budget. A CPI of less than 1 means that the project is over budget.
How would a project manager use CPI?
The Cost and Schedule Performance Indexes (CPI and SPI) are powerful metrics a project manager can use to monitor cost and schedule performance. CPI is calculated by dividing Earned Value by Actual Cost. CPI is an indicator of how efficiently project resources are performing relative to the project budget.
How does MS project calculate CPI?
There are two categories of CPI fields.
- Data Type Percentage/Number.
- CPI (task field)
- Entry Type Calculated.
- How Calculated CPI is the ratio of BCWP (budgeted cost of work performed) to ACWP (actual cost of work performed):
- Best Uses Add the CPI field to a task view to see the ratio of budgeted to actual costs.
How do you track earned value?
Simply put, it’s a quick way to tell if you’re behind schedule or over budget on your project. You can calculate the EV of a project by multiplying the percentage complete by the total project budget. For example, let’s say you’re 60% done, and your project budget is $100,000 — your earned value is then $60,000.
What is BAC in MS project?
Budget At Completion (BAC) is the project budget. This is the amount of money estimated to be spent performing the scheduled work. It is also the planned value of all work displayed on the project schedule and performance management baseline.
Can you have more than one CPI?
A CPI ratio with a value higher than 1 indicates that a project is performing well budget-wise. A CPI value of 1 indicates that a project is performing on budget. A CPI value that is less than 1 indicates that a project is over budget.
What does a CPI over 1 mean?
Understanding the Cost Performance Index
If the result is more than 1, as in 1.25, then the project is under budget, which is the best result. A CPI of 1 means the project is on budget, which is also a good result. A CPI of less than 1 means the project is over budget.
What does a CPI of 0.5 mean?
The CPI = 0.5 value indicates that the project has spent twice the amount that it should have at this point. When the CPI = 1.0, it means that the project is on budget. Meanwhile, if the CPI = 2.0, it means that the project has spent half the amount that it should have at this point.
How is SPI and CPI calculated?
The cost performance index (CPI) is a measure of the conformance of the actual work completed (measured by its earned value) to the actual cost incurred: CPI = EV / AC. The schedule performance index (SPI) is a measure of the conformance of actual progress (earned value) to the planned progress: SPI = EV / PV.
Can MS project calculate EVM?
This will provide us with a date of updated progress which we can use to track our planned progress against, in turn providing us with our EV. The Earned Value metrics are automatically calculated within Project and can be seen by choosing to view the EVM table, as shown in the image below.
How does MS project calculate physical progress?
Physical % Complete in MS Project
- % Completion is based on the duration of your activities.
- Work % Complete is based on the work hours assigned to your activities.
- Physical % Complete is based on the physical status of your activities.
What is the difference between complete and physical complete in MS project?
% Complete calculates after Actual Duration and/or Remaining Duration has been entered. Percent Work Complete calculates after Actual Work and/or Remaining Work has been entered. Physical % Complete has no underlying formula, so manually entering a value in Physical % Complete has no further impact by default.
How do I roll a physical complete in MS project?
Set the earned value method of the respective task to physical % complete when specifying a physical % complete value. Also, in the advanced project options set the default task earned value method to physical % complete. This way the physical % complete value rolls up to the summary level.