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Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle: scope, time, and costs. In a single integrated system, EVM is able to provide accurate forecasts of project performance problems, which is an important aspect of ...
Earned schedule measures. Traditionally, EVM tracks schedule variances not in units of time, but in units of currency (e.g. dollars) or quantity (e.g. labor hours). Of course, it is more natural to speak of schedule performance in units of time, but the problems with traditional schedule performance metrics are even deeper.
The rating percentage index, commonly known as the RPI, is a quantity used to rank sports teams based upon a team's wins and losses and its strength of schedule. It is one of the sports rating systems by which NCAA basketball, baseball, softball, hockey, soccer, lacrosse, and volleyball teams are ranked. This system was in use from 1981 through ...
Budgeted cost of work performed. Budgeted cost of work performed ( BCWP) also called earned value ( EV ), is the budgeted cost of work that has actually been performed in carrying out a scheduled task during a specific time period. [1] The BCWP is the sum of the budgets for completed work packages and completed portions of open work packages ...
A performance indicator or key performance indicator ( KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [2] KPIs provide a focus for strategic and operational improvement, create an analytical ...
Devaux's Index of Project Performance. Devaux's Index of Project Performance (usually known as the DIPP) is a project management performance metric [1] formulated by Stephen Devaux as part of the total project control (TPC) approach to project and program value analysis. It is an index that integrates the three variables of a project (scope ...
Overall equipment effectiveness. Overall equipment effectiveness [1] ( OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run. It identifies the percentage of manufacturing time that is truly productive.
Gross rating points are a measure of the impact by a campaign using a specific medium or schedule. It quantifies impressions as a percentage of the target population, multiplied by frequency. This percentage may be greater, or in fact much greater, than 100. Target rating points express the same concept, but with regard to a more narrowly ...