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Schedule performance index (SPI)
A measure of schedule efficiency on a project. It is the ratio of earned value (EV) to planned value (PV). The SPI = EV divided by PV. An SPI equal to or greater than one indicates a favourable condition, and a value of less than one indicates an unfavourable condition. See also earned value management.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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