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?

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Quizplus · Accepted Answer

The Schedule Performance Index (SPI) is calculated as the ratio of Earned Value (EV) to Planned Value (PV). EV is 45% of $945,000, which is $425,250. PV is 49% of $945,000, which is $463,050. SPI = EV / PV = $425,250 / $463,050 = 0.92.

You Are the Project Manager of the NNH Project