CAP · Question #274
You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at co
The correct answer is B. 0.92. Schedule Performance Index (SPI) = Earned Value (EV) / Planned Value (PV). Given: BAC = $945,000, actual completion = 45%, planned completion = 49%, actual cost = $455,897. EV = $945,000 × 0.45 = $425,250. PV = $945,000 × 0.49 = $463,050. SPI = $425,250 / $463,050 ≈ 0.918, which
Question
You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at completion of $945,000 and is 45 percent complete though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's schedule performance index?
Options
- A1.06
- B0.92
- C-$37,800
- D0.93
How the community answered
(40 responses)- A5% (2)
- B83% (33)
- C3% (1)
- D10% (4)
Explanation
Schedule Performance Index (SPI) = Earned Value (EV) / Planned Value (PV). Given: BAC = $945,000, actual completion = 45%, planned completion = 49%, actual cost = $455,897. EV = $945,000 × 0.45 = $425,250. PV = $945,000 × 0.49 = $463,050. SPI = $425,250 / $463,050 ≈ 0.918, which rounds to 0.92. Since SPI < 1.0, the project is behind schedule. This value also falls below the contingency threshold of 0.93 mentioned in the question, meaning the contingency response would be triggered.
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