Schedule Performance Index definition

Schedule Performance Index or “SPI” means in respect of a period of time, for the Fixed Price Work, the Time and Material Work – Target Cost or the Time and Material Work – Reimbursable, as applicable, the ratio determined by dividing the Earned Value applicable to such Work by the Planned Value applicable to such Work.
View Source

Examples of Schedule Performance Index in a sentence

  • The schedule calculates key metrics such as Earned Value (EV), Planned Value (PV) and Schedule Performance Index (SPI).

  • The EVM system should also provide both monthly and cumulative Cost Performance Index (BCWP divided by ACWP) and Schedule Performance Index (BCWP divided by the BCWS).

  • Schedule Performance Index (SPI) An efficiency rating reflecting how quickly or slowly project work is progressing.

  • The monthly status reports will address the following: - Key performance indicators (KPI) - Percent of work accomplished in the previous month by task - Earned Value tracking will be used to present the monthly summary which will include burndown chart, Cost Performance Index (CPI), and Schedule Performance Index • Monthly status reports to be included with the monthly invoices submitted by AECOM.

  • The recipient will monitor the project Schedule Performance Index (SPI) and Cost Performance Index (CPI) based upon the baseline total project value, scope, and schedule and provide an assessment of variations from baseline and the recommended mitigations.

Related to Schedule Performance Index

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;