Question

At some point in the life of a project, the project manager determined the following data on a $1,250,000 authorized budget project: amount of earned value $350,000. At that point, the value of the planned work was $750,000, and actual cost was $750,000. Based on this information, the Schedule Performance Index for this project was: a. 0.28 b. 0.47 c. 0.53 d. 0.60

Answer 1

Answer:

Schedule Performance Index (SPI) = 0.47

so correct option is b. 0.47

Explanation:

given data

authorized budget project = $1,250,000

amount of earned value =  $350,000

value of the planned work = $750,000

actual cost = $750,000

to find out

Schedule Performance Index SPI  for this project was

solution

we find schedule performance index (SPI) that is express as

Schedule Performance Index (SPI) = Earned Value of work ÷ Value of Planned Work      ......................1

put here value we get

Schedule Performance Index (SPI) = $\frac{350000}{750000}$

Schedule Performance Index (SPI) = 0.47

so correct option is b. 0.47