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The SPI, which can be used to estimate project completion date, is calculated by? A. EV/PV...

The SPI, which can be used to estimate project completion date, is calculated by?

A. EV/PV

B. EV/AC

C. BAC-ETC

D. Budget - Cost

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Answer #1

Answer: (A) EV / PV

Explanation: SPI i.e. Schedule Performance Index is calculated as the ratio of Earned Value (EV) to Planned Value (PV). Here, Earned value is the monetary value of the work that is actually completed, whereas, Planned value is the monetary value of the work that should have been completed as per the plan.

If the value of the EV to PV ratio is less than 1, it indicates a delay that the project is behind schedule. If the value of the EV to PV ratio is greater than or equal to 1, it means the project is on or ahead of schedule.

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