Apply CPI and SPI to a newbuild so cost and schedule problems surface while you can still act on them.
Earned Value Management turns progress into early-warning indicators. This lesson applies it to the realities of a multi-year newbuild.
Reading the indices
A CPI below 1.0 means you are over budget for the work done; an SPI below 1.0 means you are behind. Watch the trend, not the single number.