Indices Report

The Indices report shows the evolution of a folio's EVM metrics over time. EVM metrics are grouped in three (3) categories: the Variance, Performance and Estimate At Completion indices. Their evolution over time is represented in charts, one for each of the three indices categories. The report can be produced for printing and its data can be exported to Excel spreadsheet.

This report is only available when Earned Value Management is activated.


Configuring the report

ForThis allows you to display either Costs Indices or Revenues Indices
Graph

Graph to display: Variance Indices, Performance Indices, Estimate At Completion Indices or All three graphs tiled side-by-side

Display Results byThis allows you to break down the information by week, 2 weeks, 4 weeks, Quarter, Calendar Year, or Fiscal Year. Total means no breakdown will occur; all issues for the selected period will be included in a single section. Note that report start date "day" will be the periods starting day. This means if your report start date is a Tuesday and the frequency is Weekly the report will display weekly expenses from Tuesday to next Monday. 
LabelThis allows you to display amounts for the selected Jira Issue Label. (not available at the portfolio level)
Note : see Using Labels for more info on.

Variance Indices

The variance chart shows the trend of variance-related indices. The variance indices indicate how well the actual data compares to what was planned.

CVCost Variance

This index (CV) determines if the project is under or over the budget. 
It is computed by subtracting the Actual Cost or Actual Revenue (AC) from the Earned Value(EV).
A negative value indicates that the project is over budget.

Ex: at the end of the fourth week the AC is 11,000.00$ and the EV is 8,000.00$ then the CV will be 3,000.00$ at the end of this period

SVSchedule Variance

This index (SV) determines whether the project is ahead of or behind schedule. 
It is computed by subtracting the Planned Cost or Planned Revenue (PV) to date from the Earned Value(EV) to date. 
A negative value indicates that the project is behind schedule. 

Ex: at the end of the fourth week the PV is 10,000.00$ and the EV is 8,000.00$ then the SV will be 2,000.00$ at the end of this period

VACVariance At Completion

This index (VAC) determines whether the project will finish under or over planned cost or planned revenue. The Amount shown is the difference between the total planned cost or planned revenue and the Estimate at Completion
It is computed by subtracting the Estimate at Completion (EAC)from the Budget at Completion or Planned Revenue at Completion(BAC). 
A negative value indicates how much more resources will need to be injected to achieve the project goal.

Ex: at the end of the fourth week the EAC is 250,000.00$ and the BAC is 200,000.00$ then the VAC will be 50,000.00$

TOLToleranceThe tolerance you have selected in your folio configuration
Inline help


Performance Indices

The performance chart shows the trend of performance-related indices. Performance indices attempt to capture how efficient the staff members is to convert money into earned value.

CPICost Performance IndexThis index (CPI) determines how efficiently the staff members are using the resources.
It is computed by dividing the Earned Value by the Actual Cost or Actual Revenue.
A value lower than one indicates a loss of efficiency.
SPISchedule Performance IndexThis index (SPI) determines how efficiently the project staff members are using their time. 
It is computed by dividing the Earned Value by the Planned Value to date. 
A value lower than one indicates a loss of efficiency.
TCPITo-Complete Performance IndexThis index (TCPI) determines the efficiency that must be achieved on the remaining work for a project to meet the Budget at Completion.
It is computed by dividing the work remaining (BAC - EV to date) by the budget remaining (BAC - AC to date).

A value greater than one indicates that the performance must improve.
TOLToleranceThe tolerance you have selected in your folio configuration
Inline help


Estimate At Completion

This chart demonstrates the risk level trends. It displays the EAC (Estimate At Completion) based on three different approaches as describe below.


EACEstimate At CompletionThis method assumes what the project has experienced to date can be expected to continue in the future.
EAC [budget]Estimate At Completion Based on budgetThis method accepts the actual project performance to date and predicts that all future ETC(Estimate to Complete) work will be accomplished at the budgeted rate.
EAC [CPIxSPI]Estimate At Completion Based on cpi and spi indicesThis method assumes that the ETC work will be performed at an efficiency rate that considers both the cost and schedule performance indices.
BACBudget at Completion
TOLToleranceThe tolerance you have selected in your folio configuration
Inline help


Menu Options


PrintableDisplay a printable version of the report
Export to ExcelExport report to Excel
View Available Reports

Bring you back to Reports List
Note that you can also use the keyboard "esc" key


Printing the report

Select the "Printable" item in the report's action menu found at the top right of the report's parameters panel or by hit "p" to get a printer-friendly version of the report.


Exporting to Excel

The Indices report can be exported to Excel format to give you all the latitude to generate your own graph. Do it by selecting the "Export to Excel"   item in the report's action menu found at the top right of the report's parameters panel or by hit "x".

The parameters that were used to generate the report can be found on the second tab of the generated spreadsheet. On the parameter sheet you get all acronyms definitions and the formulas used to calculate indices