CAP · Question #96
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…
The correct answer is D. 0.92. SPI (Schedule Performance Index) = Earned Value (EV) / Planned Value (PV). Given: BAC = $945,000, actual percent complete = 45%, planned percent complete = 49%, actual cost = $455,897 (not used for SPI). EV = 45% × $945,000 = $425,250. PV = 49% × $945,000 = $463,050. SPI =…
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
- B0.93
- C-$37,800
- D0.92
How the community answered
(46 responses)- A2% (1)
- B7% (3)
- C11% (5)
- D80% (37)
Explanation
SPI (Schedule Performance Index) = Earned Value (EV) / Planned Value (PV). Given: BAC = $945,000, actual percent complete = 45%, planned percent complete = 49%, actual cost = $455,897 (not used for SPI). EV = 45% × $945,000 = $425,250. PV = 49% × $945,000 = $463,050. SPI = $425,250 / $463,050 = 0.9183 ≈ 0.92. An SPI below 1.0 indicates the project is behind schedule, which is consistent with the project being only 45% complete when it should be 49% complete. Since the SPI of 0.92 is below the contingency threshold of 0.93, the contingency response would be triggered.
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