Patent ID: 8452634

Claim:
A computer-implemented method for assessing the progress of a project in terms of its schedule, the method comprising: i. receiving project data from a database; and ii. based on the received project data, calculating by a processor: a first period (PE) after which a current earned value (EV) was expected to be realized, the first period being calculated in terms of a predefined unit of time; a second period (PR) in which the current EV has been realized, the second period being calculated in terms of the predefined unit of time; a fraction component (EF) of a period when the current EV was expected to be realized, wherein the EF is calculated as: EF=(EV−PVp)/(PVw−PVp), wherein EV is the earned value, PVp is the previous planned value associated with a period immediately preceding the one in which the current EV was expected to be realized, and PVw is the planned value of the period in which the current EV was expected to be realized; and an earned schedule performance index (ESPI) based on PE, PR, and EF, wherein the ESPI indicates whether the project is on schedule.