ExpertHard1 markShort Answer
Task 5: Plan and manage budget and resourcesearned value managementSPI calculationschedule performanceproject metrics
PMP · Question 56 · Task 5: Plan and manage budget and resources
A project has the following earned value metrics at the end of Month 8:<br/>- Budget at Completion (BAC): $800,000<br/>- Planned Value (PV): $500,000<br/>- Earned Value (EV): $400,000<br/>- Actual Cost (AC): $450,000<br/><br/>What is the Schedule Performance Index (SPI)? (Round to two decimal places, enter numbers only)
A project has the following earned value metrics at the end of Month 8:<br/>- Budget at Completion (BAC): $800,000<br/>- Planned Value (PV): $500,000<br/>- Earned Value (EV): $400,000<br/>- Actual Cost (AC): $450,000<br/><br/>What is the Schedule Performance Index (SPI)? (Round to two decimal places, enter numbers only)
How to approach this question
Calculate SPI using the formula: SPI = EV / PV. Round to two decimal places and enter numbers only.
Full Answer
0.80
SPI = EV / PV = 400,000 / 500,000 = 0.80. An SPI less than 1.0 indicates the project is behind schedule.
Common mistakes
Students often confuse SPI with CPI (EV/AC) or calculate incorrectly by using AC instead of PV in the denominator.
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