Oracle Projects calculates earned value measures using the progress that you collect. Earned value management is a methodology used to measure and report project performance from initiation to completion.
Oracle Projects automatically calculates the following earned value measures based on the progress collected:
Planned Value: The total budgeted cost up to the analysis date.
Earned Value: For completed work, this value is the cost or effort originally budgeted to accomplish that work.
Schedule Performance Index (SPI): The ratio of work performed to work scheduled.
Cost Performance Index (CPI): The cost efficiency factor representing the relationship between the actual costs expended and the value of physical work performed.
To Complete Performance Index (TCPI): The level of efficiency required to complete the remaining work using the remaining budgeted effort or cost.