ExpertHard1 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.
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
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.
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