Earned Value

SPI Calculator

Calculate Schedule Performance Index (SPI) to evaluate whether your project is ahead, on, or behind schedule using Earned Value Management methodology.

Calculator
SPI = EV / PV
Enter values to compute.

Interpretation Guide

  • SPI > 1.0Project is ahead of schedule.
  • SPI = 1.0Project is exactly on schedule.
  • 0.9 ≤ SPI < 1.0Mild slip — investigate causes.
  • SPI < 0.9Material delay — recovery plan required.

Example

If your project planned $100,000 of work this month (PV) but only delivered $80,000 worth of completed scope (EV), SPI = 0.80 — meaning you delivered 80% of what you planned.

Real-world use cases

  • Weekly PMO status reporting
  • Construction progress reviews
  • Portfolio dashboards and executive summaries
  • Forecasting completion dates with EAC and TCPI

Common mistakes

  • Using actual cost (AC) instead of EV.
  • Comparing SPI across projects of different sizes without context.
  • Ignoring critical-path tasks while celebrating an overall good SPI.

Professional tips

  • Pair SPI with float-erosion analysis for true schedule health.
  • Track SPI trend over time — direction matters more than absolute value.
  • Combine with CPI for an integrated performance view.
FAQ

Frequently asked questions

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