As the project manager you are reviewing the earned value analysis report performed by your team. The SPI is 0.87. What does this figure mean to you?Your project is running according to the budget.The project is getting 87 cents out of each dollar spent.You are ahead of schedule.The progress of your project is only 87% of what it is planned, so you are behind the schedule.
Question
As the project manager you are reviewing the earned value analysis report performed by your team. The SPI is 0.87. What does this figure mean to you?Your project is running according to the budget.The project is getting 87 cents out of each dollar spent.You are ahead of schedule.The progress of your project is only 87% of what it is planned, so you are behind the schedule.
Solution
The SPI (Schedule Performance Index) is a measure of the efficiency of time utilization on the project. If the SPI is less than 1, as in this case where it is 0.87, it means the project is behind schedule. In other words, the progress of your project is only 87% of what it was planned. Therefore, you need to take action to bring the project back on track.
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