These are flashcards an notes made by students on topics like 'project', 'performance' and 'cost', originating from:

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- Joseph Phillips
ISBN-10 0071775919 ISBN-13 9780071775915
1205 Flashcards & Notes
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Study Cards on project, performance, cost

Cost change control
This is part of the integrated change control system and documents the procedures to request, approve, and incorporate changes to project costs.
Cost performance index
The cost performance index shows the amount of work the project is completing per dollar spent on the project. CPI  = EV / AC.
Earned value management
EVM integrates scope, schedule, and cost to provide an objective, scalable, point-in-time assessment of the project. EVM calculates the performance of the project and compares current performance against plan. EVM can also be a harbinger of things to come. Results early in the project can predict the likelihood of the project's success or failure.
Schedule performance index
This reveals the efficiency of work. The closer the quotient is to 1, the better. SPI = EV / PV
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