Schedule variance (SV) - This is the deviation of the performed schedule from the planned schedule in terms of cost. No confusion is allowed here because you already know that the schedule can be translated to cost. SV is calculated as the difference between EV and PV, as shown in the formula here:
SV = EV - PV
Risk Management, Communications Management, Schedule Management
Quick Correction: It's crashing, not crushing. Crashing is compressing the project schedule to finish the project earlier.
Project Management Chapter 13
Project management
Project Management Software
Schedule Variance. It is the value of work done less the value of work that should have been achieved according to the plan, and forms part of Earned Value Management (EVM) project control processes.
Schedule variance (SV) - This is the deviation of the performed schedule from the planned schedule in terms of cost. No confusion is allowed here because you already know that the schedule can be translated to cost. SV is calculated as the difference between EV and PV, as shown in the formula here:SV = EV - PV
Risk Management, Communications Management, Schedule Management
SPI, in Project Management Terms, is short for Schedule Performance Index. It's an indicator on whether the Project is on Schedule (SPI = 1), Ahead of Schedule (SPI > 1), or behind Schedule (SPI < 1).
Quick Correction: It's crashing, not crushing. Crashing is compressing the project schedule to finish the project earlier.
Project Management Chapter 13
Project management
Performance targets Schedule baseline
Project Management Software
Drift, in project management terms, is scope creep. Scope Creep is mainly when some uncontrolled/unforeseeable changes affect the project schedule.
because it gives a project to be successful because it contents contract management, schedule management, and investage (cost) management, you should find a equilibrium point considering those 3 elements.
SPI stands for Schedule Performance Index. SPI is a measure of the schedule efficiency of a project calculated by dividing earned value (EV) by planned value (PV).