Question

A project has four activities: A, B, C, and D. The budgeted (planned) cost of each activity is $22K, $14K, $12K, and $28K, respectively. The planned percentages complete for the current date are 90%, 80%, 70%, and 20% respectively. The actual percentages complete for the current date are 100%, 90%, 75%, and 10% respectively. The actual cost of the work performed to date is $40K. What is the schedule performance index for the project

Answer 1

Answer:

1.03

Explanation:

Activity  Amount spent   Planned %     Planned value

A                  22,000             90%            $19,800

B                   14,000              80%            $11,200

C                   12,000              70%            $8400

D                   28,000             20%            $5600

Total planned value                                 $45,000

Activity    Amount spent    Actual percentage   Earned value

A                  22,000                       100%                     $22,000

B                   14,000                        90%                      $12,600

C                   12,000                       75%                       $9000

D                   28,000                      10%                        $2,800

Total Earned value                                                       $46,400

Schedule performance Index = Total Earned value/Total planned Value

Schedule performance Index = 46,400/45,000

Schedule performance Index = 1.03