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https://help.insight.com/app/answers/detail/a_id/116 04/01/2019
Using Earned Value to Monitor Project Performance | Insight Page 2 of 5
For both SPI and CPI, >1 is good, and <1 is bad. Note that if you’re in a
hurry, for both cost and schedule, you can subtract instead of dividing
to get the variance. Schedule variance = EV-PV, and cost variance = EV
–AC. Subtracting can quickly be done in your head, and for these
cases, >0 is good, and <0 is bad. But unlike SPI and CPI, variance
cannot be effectively compared across projects or over time, where
the budget for a project may have changed, because they’re relative
to the size of the project.
https://help.insight.com/app/answers/detail/a_id/116 04/01/2019
Using Earned Value to Monitor Project Performance | Insight Page 3 of 5
An example
So, in summary:
https://help.insight.com/app/answers/detail/a_id/116 04/01/2019
Using Earned Value to Monitor Project Performance | Insight Page 4 of 5
pace, then the total cost of the project (EAC) will be only $90,000, as
opposed to our original budget of $100,000.
https://help.insight.com/app/answers/detail/a_id/116 04/01/2019
Using Earned Value to Monitor Project Performance | Insight Page 5 of 5
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https://help.insight.com/app/answers/detail/a_id/116 04/01/2019