PMP_Sridhar's batch_June 10

Discussion in 'Project Management' started by _6592, Jun 24, 2017.

  1. _6592

    _6592 New Member

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    This thread is created for people who are attending Sridhar's PMP class started on June 10th.
     
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  2. Satish Kumar Singh

    Satish Kumar Singh New Member
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    Guys, why do we need SPI and CPI when we are already having variances ( SV and CV ) to measure the performance of the project or progress of the project , Like variances , indexes also help you analyze the performance of the project....
     
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  3. Corey Fling

    Corey Fling New Member

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    Satish, SPI and CPI represent the variance as a percentage rather than just value. SV and CV simply show how much the project is off in schedule/cost. However, the variance alone does not show how big this is relative to the size of the project. This is where SPI and CPI are important. A variance of $20,000USD on a $30,000USD project is much bigger than a $20,000USD variance on a $5,000,000USD project. SPI and CPI make the variance relative (as a ratio) to the total size of the project.
     
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