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PGMP · Question #15

You are the program manager for your organization. Your program has a budget of $750,000 and is expected to last one year. The program is currently 30 percent complete and has spent $245,000. The…

The correct answer is B. .75. The Schedule Performance Index (SPI) equals Earned Value divided by Planned Value; with 30% complete on a $750,000 program against a planned 40%, SPI = $225,000 / $300,000 = 0.75.

Program Delivery

Question

You are the program manager for your organization. Your program has a budget of $750,000 and is expected to last one year. The program is currently 30 percent complete and has spent $245,000. The program is supposed to be 40 percent at this time. What is the schedule performance index (SPI) for this program?

Options

  • ANegative ten percent
  • B.75
  • C$300,000
  • D$225,000

How the community answered

(36 responses)
  • A
    6% (2)
  • B
    72% (26)
  • C
    6% (2)
  • D
    17% (6)

Why each option

The Schedule Performance Index (SPI) equals Earned Value divided by Planned Value; with 30% complete on a $750,000 program against a planned 40%, SPI = $225,000 / $300,000 = 0.75.

ANegative ten percent

SPI is a dimensionless efficiency ratio, not a percentage difference; 'negative ten percent' is not a valid expression of SPI.

B.75Correct

SPI = EV / PV. Earned Value (EV) = 30% x $750,000 = $225,000 and Planned Value (PV) = 40% x $750,000 = $300,000. Dividing EV by PV yields $225,000 / $300,000 = 0.75, indicating the program is progressing at only 75% of the planned schedule rate.

C$300,000

$300,000 is the Planned Value (PV) component of the SPI formula, not the SPI result itself.

D$225,000

$225,000 is the Earned Value (EV) component of the SPI formula, not the SPI result itself.

Concept tested: Earned value management - Schedule Performance Index calculation

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Earned Value Management (EVM)#Schedule Performance Index (SPI)#Program Performance Measurement#Program Delivery

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