Calculate SPI

I found an article about the different measures for the projects. One is the SPI, which is a way to know the advance of the project but not the total task and durations, the idea is to compare the actual situation versus the plan.

So imagine if there are 10 tasks. The team just finish 4. But according to the project dates, the team should complete 5 tasks today. So the progress of the project is 40% but the SPI is (4/5) = 80%.

How can I calculate this measure

 

 

https://www.wrike.com/project-management-guide/faq/how-to-calculate-earned-value-in-project-management/

 

Schedule Performance Index (SPI): This measure is similar to SV but is often preferred as it translates the numbers into a value that is easily compared across tasks or projects. The SPI calculation is: SPI = EV/PV. When SPI is above 1.00, you’re ahead of schedule. If it’s below 1.00, you’re behind. To take the example from above, SPI would be 1/2 = 0.5. Using SPI is different than simply comparing your progress against your baseline. Comparing your actual schedule against your plan may indicate you’re behind on two tasks. So, you know where your immediate problem is, but not necessarily how it impacts the overall project or your expected completion date. Using earned value, you can calculate your SPI both by task and for the project as a whole. When you take the SPI for each task and look at the bigger picture, you can see that your project is ahead of schedule, even with two late tasks. This helps you better understand the overall impact of the late tasks on the project.

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5 comments

Good day ..I can´t find how to see this SPI index in wrike not how to generate it using the custom fields.

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Hi Jose Julian Arias T! This is not something that is available in Wrike by default, but something you can build using formula custom fields and Wrike Analyze. I will let your Account team that you're interested in this use case 🙂

Lisa Community Team at Wrike Wrike Product Manager Become a Wrike expert with Wrike Discover

Lisa Wrike Team member Become a Wrike expert with Wrike Discover

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Helo Lisa currently im still looking for this solution, cloud you help me?

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Hi Lisa, thanks a lot for the answer. We have written to our wrike account contact asking about this because it is urgent to have the solution.

 

Regards 

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Hello Jose Julian Arias T, thank you for coming back to us, your account manager will reach out back to you very soon. In case you need assistance with re-escalating your case, please, do let me know.
 
Hi Daniel Basto, thank you for your comment. I have shared your case with your Customer Success Manager so that they can help you with this.
 
In the meantime, if you have any additional questions, please let us know.

Juan Community Team at Wrike Wrike Product Manager Become a Wrike expert with Wrike Discover

Juan Wrike Team member Become a Wrike expert with Wrike Discover

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