What is the meaning of an index of "=1.00" on SPI?Multiple choice question.Under costOn costOver costAhead of scheduleOn scheduleBehind schedule
Question
What is the meaning of an index of "=1.00" on SPI?Multiple choice question.Under costOn costOver costAhead of scheduleOn scheduleBehind schedule
Solution
The Schedule Performance Index (SPI) is a measure of the efficiency of time utilization on the project. It is the ratio of earned value (EV) to planned value (PV).
An SPI of 1.00 means the project is on schedule. If the SPI is less than 1, then the project is behind schedule. If the SPI is greater than 1, the project is ahead of schedule.
So, in the context of your multiple-choice question, an index of "=1.00" on SPI means the project is "On schedule".
Similar Questions
What is the best explanation for "an SPI of 0.80"?Multiple choice question.$1.00 of work has been accomplished for each $0.80 of work scheduled to date.$0.80 of work has been accomplished for each $1.00 of work scheduled to date.$0.80 has been spent for each $1.00 of work planned to be accomplished.
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.
SPI = 0.95,CPI = 0.95 Which of the following statements is true?2 MarksThe project will likely complete within timeThe project will likely be completed under budgetThe project manager should remove some scope from the projectThe project manager needs to improve schedule and cost performance
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CPI and SPI are two types of indexes that measure ________.Multiple choice question.performance efficiencytechnical performancepercent complete
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