Free PMI Project Management Professional (PMP) Practice Question
A project has a Budget at Completion (BAC) of $200,000. The Planned Value (PV) is $100,000, and the Earned Value (EV) is $80,000. What is the Schedule Performance Index (SPI) for this project?
The Schedule Performance Index (SPI) is calculated by dividing the Earned Value (EV) by the Planned Value (PV). In this scenario:
SPI = EV / PV = $80,000 / $100,000 = 0.8
An SPI of less than 1 indicates that the project is behind schedule, as it means the value of the work performed is less than the planned work at that point in time.
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What are the implications of having an SPI of less than 1?
What is the difference between Planned Value (PV) and Earned Value (EV)?
How do you calculate SPI, and why is it important?
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