I have a project which is around 4 months old. The budget was set very early on and I now have KPIs (Planned, Earned, Actuals, SPI / CPI etc) set up which are measured against the baseline of the project. We have identified a number of changes to the baseline scope. These have been agreed by the project team and new hours allocated to the project. The impact to the project can be clearly seen as it is already behind schedule, currently showing an SPI of 0.75!
I am trying to figure out what the best practice is in terms of the KPIs. Earned Value is measured against the baseline planned to date.
- Should I be adding the new hours into the project? Using P6 this doesn't really work as I cannot get a reading on the Earned Value Labour Units because these hours have not been added to the baseline.
- If I am to rebaseline, this will make my project look as if it all on track whereas in reality it is not.
The current work around for the project is to produce one set of KPIs showing all actuals booked to the project and a separate set of KPIs removing the hours which have been spent specifically on the change activities.
Any advice would be appreciated.
Thanks