Project Management Question : 1) what is EVM ? how do we monitor projects based on EVM ? 2) Case Study questions : what is project status - if CPI is greater than 1 or SPI is less than 1 ! 3) How do we calculate Planned Value, Earned Value, Productivity ?

Question

Project Management Question : 1) what is EVM ? how do we monitor projects based on EVM ? 2) Case Study questions : what is project status -> if CPI is greater than 1 or SPI is less than 1 ! 3) How do we calculate Planned Value, Earned Value, Productivity ?

Accepted Answer

EVM is Earned Value Management, a project management technique to measure project performance and progress.

EVM compares the planned value, earned value, and actual cost of a project to determine its status and forecast its completion.
CPI greater than 1 indicates the project is under budget, while SPI less than 1 indicates the project is behind schedule.
Planned Value is the budgeted cost of the work scheduled to be done, Earned Value is the budgeted cost of the work actually completed, and Productivity is the ratio of Earned Value to Actual Cost.

Project Management Question : 1) what is EVM ? how do we monitor projects based on EVM ? 2) Case Study questions : what is project status -&gt; if CPI is greater than 1 or SPI is less than 1 ! 3) How do we calculate Planned Value, Earned Value, Productivity ?

Project Management Question : 1) what is EVM ? how do we monitor projects based on EVM ? 2) Case Study questions : what is project status -> if CPI is greater than 1 or SPI is less than 1 ! 3) How do we calculate Planned Value, Earned Value, Productivity ?