Nov 12, 20 14 quality checks for your it project schedule. Schedule risk analysis sra is a simple yet effective technique to connect the risk information of project activities to the baseline schedule, in order to provide sensitivity information of individual project activities to assess the potential impact of uncertainty on the final project duration and cost. Where are you in your schedule based upon planned performance. Schedule performance index spi and cost performance index cpi allow you to evaluate the performance of a project. In other words, spi is greater than one whether a project is ahead of schedule.
Temporary procrastination does not always cause an immediate impact to project completion, however. Oracles primavera p6 enterprise project portfolio management ppm solution offers the right strategic mix of projects which foster team collaboration comprising rolespecific functionality to satisfy each team members needs, responsibilities and skills. This blog post is the fourth blog post in a series of seven on earned value management and project forecasting. Top 10 primavera interview questions and model answers. They help you analyze the efficiency of schedule performance and cost performance of the project. It is generated by taking the sum of the budgets of those activities or milestones completed by the data date budgeted cost for work performed. Performance status page displays summarized schedule and cost or labor units data based on the performance metric you select. Earned value management free project management excel. Create a p6 project dashboard in excel plan academy.
The yaxis shows the cost performance index or the schedule performance index. Using earned value formulas and calculations primavera tips. Schedule performance index project management knowledge. Schedule performance metrics, tailored to the types of work essential to the project, provide meaningful insights into the core project scope.
In my previous blog posts i have discussed earned value management and its three basic elements. Primavera p6 is an advanced earned value management software which enables to make earned value calculations to analyze the schedule and cost variances of project activities. My favorite way to track these lagging, noncritical tasks is the schedule performance index spi. For instance i want to get schedule % complete for every month from project start to end in order to make planned bar. The value is greater than one if the budgeted cost of the work performed is greater than the budgeted cost of the work scheduled. P6 has enabled schedule integration and consistent coding across the 250 individual projects iter consists of. Now, are you convinced why the evm scheduling metrics are not reliable especially toward the 23 rd of the project. The schedule performance index, usually abbreviated as spi, is one of the fundamental outputs of earned value management. When and how will the schedule performance be measured. The schedule performance index spi commonly is defined as the ratio of earned value ev to the planned value pv. Michael is an avid project controls blogger and is the chief learning officer here at plan academy. Oracles primavera p6 simplifies the evm technique by allowing the data already captured in a costresource loaded schedule to be earnedvalue ready. Learn how to create a p6 project dashboard in excel with the most relevant graphs and indicators on it.
Activities that are ready to start but not currently on the critical path may still have enough total float to wait until the next schedule update. Oracle primavera p6 help version 18 oracle help center. Basically, schedule performance index spi can be calculated by dividing the earned value ev by the planned value pv. This is very common question in a primavera interview, float and slack are the two different words for the same meaning. Using a separate baseline for the spi than for the cost performance index, namely, one that places the activitiesmilestones for the spi baseline on the backward pass of the critical path schedule, where no activities have float and where any delay in any activitys dates will delay the project duration. Primavera software is used in the present study to plan and schedule the project activities and to carry out the earned value management analysis.
How to use earned value management in primavera p6. Advanced schedule measures in primavera p6 analytics. Learn how oracle construction and engineerings primavera software suite offers powerful, robust, and easytouse cloud and onpremise applications for globally prioritizing, planning, managing, and delivering successful projects, programs, and portfolios. Planning, scheduling and tracking of ongoing bridge. Like variances, indexes also let you analyze the health of the project. Dec 05, 2019 schedule variance and cost variance are two important parameters in earned value management, helping you analyze the projects progress, i.
This blog post is going to give a brief overview of evm and outline how to use the performance percent complete functionality in primavera p6. Understanding the schedule performance index in p6 youtube. To date and forecast data are provided at the group, project, and wbs levels. Schedule performance refers to the resulting effect of scheduled activities performed by an individual, group or organization within a given period of time and measured against preset standards, such as accuracy, completeness, speed and cost. Schedule performance index spi the schedule performance index spi shows how you are progressing compared to the planned project schedule. A powerful scheduling function available in oracle primavera p6 is the capability to use earned value measurement techniques to measure project performance against cost and schedule. Earned value management system system surveillance. If you planned to finish 80% of the construction in 6 months time, but you actually managed to finish only 60% work due to delays, quality issues etc. Total float to wait until the next schedule update. Schedule performance index and cost performance index. Primavera is an enterprise project portfolio management software.
Cost performance index cpi is a measure of the value of work accomplished as a percentage of the actual costs. Jul 24, 20 advanced primavera training assigning project codes in p6 attachment tools calculate estimate to complete in p6 calculating performance percent complete claimdigger display multiple windows earned value management how to assign project codes in primavera how to manage resources index performance portlet learn primavera managing risk oracle. Dcma 14point assessment, project schedule quality analysis. Lastly, provide the latest evm system status as this indicates the higher reliability of contractor reports generated by their evms. How to calculate performance percent complete in primavera. Primavera p6 enterprise project portfolio management oracle. About oracle primavera p6 enterprise project portfolio management. About schedule performance index spi about tocomplete performance index tcpi about contract management. How to calculate performance percent complete in primavera p6.
According to research primavera p6 has a market share of about 42. Oracle primavera p6 training course provides handson instructorled training for all industries including constructions. Earned value formulas and calculations primavera tips and. After creation of your schedule, including budget, and assignment of a baseline you will want to track actual performance in relation to planned performance. Swinerton builders swinerton turned to oracles primavera p6 enterprise project portfolio management in the cloud to deliver sophisticated reporting and data analytics to meet the needs of its project teams and other stakeholders. This example project is in major trouble and corrective action needs to be taken. Today we are going to discuss schedule performance index spi and cost performance index cpi. The results are represented in the form of graphs to explain the schedule performance index.
According to the pmbok guide, the schedule performance index spi is a measure of schedule efficiency, expressed as the ratio of earned value to planned value. This video is over understanding the schedule performance index in p6. Clearly visible is that in blue, the schedule performance index spi as calculated in. The primavera p6 visualizer is a good choice for those team members who are not. In this article, we will cover the basics of evm, why it is useful and also a free excel template which will help calculate the metrics for us. Since both cost performance index cpi index and schedule performance index spi index are less than 1, it means that the project is over budget and behind schedule. Swinerton builders swinerton turned to oracle s primavera p6 enterprise project portfolio management in the cloud to deliver sophisticated reporting and data analytics to meet the needs of its project teams and other stakeholders. The schedule performance page provides spi, cpi, and other summary metrics such as the percentage of activities that are complete, a count of critical activities, and the baseline execution index. Hargrove utilizes mc2 estimating software ice, timberline, microsoft project, and clientdesignated software for capital cost estimates. How to get time distributed schedule % complete through primavera reports. They also allow the calculation of actual costs, planned value, and earned value over time. Schedule, earned value sv and cv, or index spi, cpi, and tcpi. Primavera p6 enables you to control project progress and performance using earned value management technique. Bill pepoon, managing partner at construction science and primavera scheduling, explains how earned value settings can cause problems with baselines.
If you have not read these blog posts, i suggest you read them first, then come back to this post. Primavera p6 professional project management, the recognized standard for highperformance project management software, is designed to handle largescale, highly sophisticated and multifaceted projects. Oracle s primavera p6 enterprise project portfolio management ppm solution offers the right strategic mix of projects which foster team collaboration comprising rolespecific functionality to satisfy each team members needs, responsibilities and skills. Primavera project planner p3 provides an easytouse approach to project planning with an intuitive interface that makes project planning and control easy and fun, without sacrificing the powerful sophistication of highend projectmanagement software that you expect from primavera. Primavera p6 and earned value management ten six consulting.
Using earned value formulas and calculations primavera. According to the pmbok guide, the schedule performance index spi is a measure of. The primavera p6 schedule % complete value specifies planned performance based on the baseline and current data date dd. Dcma 14point schedule assessment set of criteria was formed in 2005 and firstly it was used by the us department of defense. Primavera was launched in 1983 by primavera systems inc.
It tells the project manager how far ahead or behind the project is at the point of analysis usually right now. It is a comparison of initially planned tasks and scheduled events against the amount of work that is really accomplished. Earned schedule the appropriate upgrade of your evms. Primavera p6 course provides handson training for all industries including constructions. Aug 25, 2017 knowing that primavera p6 is an output software through which we can only export any type of data in a raw format, in this video you will learn about preparing kpi and tracking charts that can be. Oracles primavera software give todays project managers and sche. Evms forproject is an enterpriseclass earned value management software application suite from forproject technology, and is designed for easeofuse, scalability, flexibility, security and performance. The result is a user can now assess the project health via spi schedule performance index andor the cpi cost performance index at any given time through the project lifecycle.
In this primavera p6 tutorial, we will discuss the performance measurement capabilities of primavera p6 by using an example project. Report on project progress and costs in excel with data from p6. Michael has taught s professionals how to use project controls software like primavera p6 over the past 10 years through his online courses and tutorials. Primavera p6 course provides handson training for primavera s clientserver based solution. Schedule performance index spi and cost performance index. Aug 27, 2017 schedule performance at completion is one by definition, even if the project is completed late. Knowing that primavera p6 is an output software through which we can only export any type of data in a raw format, in this video you will learn about preparing kpi and tracking charts that can be. Even though evm has been shown to improve project success, organizations often struggle to assemble the planned values, progress, actuals, and schedule data to support evm initiatives. The schedule performance index is a measure of project efficiency given by project management to gauge the progress and efficiency. Generally, earned value analysis will produce a schedule variance sv and schedule performance index spi, as well as a few other numbers which give the project manager insight into how far ahead or behind the project it. This software provides you with a visual, readonly version of the plans youve stored in the p6 database. It includes project management, scheduling, risk analysis, opportunity management, resource management, collaboration and control capabilities, and integrates with other enterprise software such as oracle and saps erp systems. Earned value analysis is a project management technique for measuring project performance according to project cost and schedule.
The summary page provides highlevel schedule metrics. Wouldnt it be nice if you can integrate your project cost with the project schedule right within your scheduling software. A schedule performance index score of 1 or greater is an optimum goal since it shows the project management that the project is on track and has favorable conditions of meeting the required goals. Enterprise earned value management solutions ecosys. Basically, schedule performance index spi can be calculated by dividing the earned value ev by the.
So, you still have opportunity to move ahead in your career in primavera p6 engineering. Earned value management evm is a technique used in project management to measure progress of a project with respect to cost. Schedule performance index dedicated to project controls. P3 is a multiuser product that operates on popular local area. Earned value project management calculator solving for schedule performance index spi given budgeted cost of work performed bcwp and budgeted cost of work scheduled bcws. Our project controls team devises and maintains resource loaded critical path schedules using primavera p6 professional and other scheduling platforms. The spi compares planned progress in the baseline schedule to the actual progress in the current schedule, expressed as follows. Participants gain a thorough background in the concepts of planning and scheduling. That is, they demonstrate how es performs over the life of a project, and explain its behavior. Description this guide provides the program management team, including new and experienced master. After getting your scheduled % complete and performance % complete going smooth. P6 professional can be used to organize projects up to 100,000. Earned value management evm uses metrics to measure, forecast, and improve project performance.
How to calculate estimate to complete in primavera p6. Evms forproject earned value management software for. They demonstrate the schedule and cost efficiency of a project. Evms forproject was designed from the ground up to make earned value management simple and costeffective. Oracle primavera analytics reference guide version 18. The result is a user can now assess the project health via spi schedule performance. Live, expert instructor led oracle primavera p6 training for all industries including constructions. Performance % complete vs schedule % complete dedicated. Schedule performance index spi and cost performance index cpi are earned value management evm measures for project schedule and cost efficiency in project management, and used to assess the magnitude of variation from the established schedule and cost baselines. Regular schedule performance reporting needs can be established. Costresource loaded schedule to be earnedvalue ready. Have you ever wondered how you could apply earned value management in primavera p6 scheduling tool. There are lot of opportunities from many reputed companies in the world. Jul 17, 20 this blog post is going to give a brief overview of evm and outline how to use the performance percent complete functionality in primavera p6.
Ecosys makes evm easy no matter what level of rigor you need. As a scheduler or planner, calculating earned value within primavera p6 allows you to monitor the project plan, actual work, and work completed value to see if a project is on track. Participants gain a thorough background in the concepts of planning and scheduling techniques. Apr 19, 2018 where are you in your schedule based upon planned performance. In this tutorial, i will show you how to use earned value management in primavera p6. Primavera p6 enterprise project portfolio management. As a scheduler or planner, calculating earned value within primavera p6 allows you to monitor the project plan, actual work, and work completed value to see if a.
The results are represented in the form of graphs to explain the schedule performance index, schedule variance, cost performance index and cost variance. Mar 28, 20 bill pepoon, managing partner at construction science and primavera scheduling, explains how earned value settings can cause problems with baselines. Therefore, one can also easily calculate the cost performance index, cpit, and schedule performance index, spit, both of which are also functions of time. If youre looking for primavera p6 interview questions for experienced or freshers, you are at right place.
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