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    PracticePMI PMP®PMI PMP Practice Exam 6Question 54
    Hard1 markShort Answer
    Task 5: Plan and manage budget and resourcesearned value managementSPIschedule performanceperformance measurement

    PMP · Question 54 · 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): $480,000<br/>- Earned Value (EV): $400,000<br/>- Actual Cost (AC): $450,000<br/><br/>Calculate the Schedule Performance Index (SPI). Round to two decimal places and enter numbers only.

    How to approach this question

    Calculate SPI using the formula: SPI = EV / PV. This indicates schedule performance relative to the plan.

    Full Answer

    0.83
    Schedule Performance Index (SPI) = EV / PV = 400,000 / 480,000 = 0.833. An SPI less than 1.0 indicates the project is behind schedule.

    Common mistakes

    Using wrong formula (confusing with CPI), calculation errors, or incorrect rounding.
    Question 53All questionsQuestion 55

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