Primavera P6 Release 8.2 and the Index Performance Portlet

Primavera P6 R8.2 Dashboard Portlets

The Index Performance Portlet Overview

This Primavera P6 Release 8 blog post is going to outline how to use the Index Performance portlet on the P6 R8 dashboard. The Index Performance Portlet in Primavera P6 Release 8.2 enables you to display Schedule Performance Index (SPI), Cost Performance Index (CPI), and To Complete Performance Index (TCPI) calculations.

Key Performance indicators help you gauge whether these index values are within an acceptable range or whether you will need to take corrective action, based on thresholds you define. The Key Performance Indicators are essential for measuring the performance of your project and are one of the most important metrics used to gauge the status of a project.

The Key Performance Indicators on the Primavera P6 R8.2 Dashboard

The Key Performance indicators help you to quickly scan values based on thresholds you define. This enables Primavera P6 EPPM R8.2 users to examine the health of an overall portfolio of projects and drill down through the member projects to the WBS level to determine where a project may have encountered problems or issues. The ability to identify problem Portfolios, Projects, and WBS elements is particularly significant during the early stages of a project so that corrective action may be taken before it is too late.

A project’s KPI’s will be assigned one of these statuses:

How are the Key Performance Indicators calculated and what do they tell me? Schedule Performance Index (SPI)

The Schedule Performance Index is a measure of the work accomplished as a percentage of the work scheduled. The SPI indicates whether you are meeting earned and planned values within your schedule. You can set performance thresholds for SPI calculated values to determine whether you need to take corrective action. The Schedule Performance Index is calculated as Earned Value of Cost or Quantity divided by Planned Value of Cost or Quantity. The variance percentage is calculated as Earned Value divided by Planned Value.

Cost Performance Index (CPI)

The Cost Performance Index is a measure of the value of work accomplished as a percentage of the actual costs of a project. It indicates whether you have spent money over the budget to date. On the My Preferences page you can set performance thresholds for CPI calculated values to determine whether you need to take corrective action. The Cost Performance Index is calculated as Earned Value Cost divided by Actual Cost. A value of less than 1 indicates that the actual cost has exceeded the planned value.

To Complete Performance Index (TCPI)

The To Complete Performance Index field measures the value of the project work that is remaining. It is essentially a ratio of the remaining work to the remaining funds. It helps determine the level of performance that must be achieved on the remaining work to meet recognized business goals, such as the Budget at Completion (BAC) or the Estimate at Completion (EAC). You can set performance thresholds for calculated TCPI values to display visual indicators that help you determine whether you need to take corrective action.

The To Complete Performance Index is calculated as (BAC minus Earned Value) divided by (EAC minus Actual Units or Cost). Where BAC equals Base Equipment Cost plus Base Expense Cost plus Base Work Cost plus Base Material Cost; EAC equals (Actual Equipment Cost plus Actual Expense Cost plus Actual Work Cost plus Actual Material Cost) plus (Remaining Equipment Cost plus Remaining Expense Cost plus Remaining Work Cost plus Remaining Material Cost); Actual Cost equals Actual Equipment Cost plus Actual Expense Cost plus Actual Work Cost plus Actual Material Cost.