PK0-003 · Question #250
A status report shows that the earned value is $50,000, the planned value is $40,000, and actual costs are $45,000. Which of the following is the SPI of the project, and is the project ahead or behind
The correct answer is D. SPI = 1.20, ahead of schedule. This question requires calculating the Schedule Performance Index (SPI) from given Earned Value (EV) and Planned Value (PV) figures, and then determining if the project is ahead of or behind schedule.
Question
A status report shows that the earned value is $50,000, the planned value is $40,000, and actual costs are $45,000. Which of the following is the SPI of the project, and is the project ahead or behind schedule?
Options
- ASPI = 0.89, ahead of schedule
- BSPI = 0.90, behind schedule
- CSPI = 1.11, behind schedule
- DSPI = 1.20, ahead of schedule
How the community answered
(32 responses)- A9% (3)
- B6% (2)
- C3% (1)
- D81% (26)
Why each option
This question requires calculating the Schedule Performance Index (SPI) from given Earned Value (EV) and Planned Value (PV) figures, and then determining if the project is ahead of or behind schedule.
An SPI of 0.89 would indicate the project is behind schedule, not ahead, and the calculated SPI is not 0.89.
An SPI of 0.90 would indicate the project is behind schedule, not ahead, and the calculated SPI is not 0.90.
An SPI of 1.11 would indicate the project is ahead of schedule, not behind, and this numerical value is not provided as the correct answer's SPI.
The Schedule Performance Index (SPI) is calculated by dividing the Earned Value (EV) by the Planned Value (PV). With an EV of $50,000 and a PV of $40,000, the calculated SPI is $50,000 / $40,000 = 1.25. An SPI value greater than 1.0 indicates that the project is performing better than planned and is ahead of schedule, which aligns with the 'ahead of schedule' status in option D.
Concept tested: Earned Value Management (EVM) SPI calculation
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