At some point in the life of a project, the project manager determined the following data...

Question

Question

At some point in the life of a project, the project manager determined the following data...

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:
1. 0.28
2. 0.47
3. 0.53
4. 0.60

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

The schedule performance index (SPI) for a project shows how much it is completed, as compared to the schedule--ie. Performance compared with that sheduled/planned
It is expressed as a ratio of value earned to the planned value of the work at any point of time.
Here,
As per plan or schedule, value of work at that point=	750000
But value earned as per work completed =	350000
So, performance index as per schedule should be ; OR
Schedule Performance Index(SPI) = Earned Value of work/Value of Planned Work=
350000/750000=	0.47

So, ANSWER: b. 0.47

Add a comment

Answer 2

Similar Homework Help Questions

At some point in the life of a project, the project manager determined the following data...

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. Using the data provided above, and assuming a linear cost function, the project manager can estimate that actual cost of the project would be closest to (figures rounded to nearest hundred thousand): $4,500,000 $2,700,000 $2,400,000 $2,100,000
to chapter 1. Given the following information for a one-year project, answer the following questions. Recall...

to chapter 1. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead...
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate....

2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...

Using the below information answer only part e bolded. Given the following information for a one-year...

Using the below information answer only part e bolded. Given the following information for a one-year project, answer the following questions. Note that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a.What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? (CV) is -$5,000 (SV)...
Please a clear and understandable answer , i posted this question before and no one answered yet !!!

please a clear and understandable answer , i posted this question before and no one answered yet !!! Suppose a project X is half completed by the end of first month. Upto this duration the rate of performance is 50 percent. Complete the below table by using given values and explain about the budget and schedule on the basis of calculations. Earned value calculations for project X after 1 month are as follows: PV-8000 SR AC-20000 SR RP=50% Project X...
For a project, in X day, planned value, earned value and actual cost of the tasks...

For a project, in X day, planned value, earned value and actual cost of the tasks are given in dollar in the table below. Planned $1000 to complete project. Task Actual Cost Work Performed Budgeted Cost Work Scheduled 50 70 30 100 50 2 3 4 5 Budgeted Cost Work Performed 50 70 30 50 0 Total: 250 a. Find schedule and cost variance. Explain what it means? b. Find schedule and cost performance index. c. Find estimate to complete...

Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question...

Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question 10 Save A You have a project to be completed in 12 months. The budget for the project is 100.000 USD. Six months have passed, and 60.000 USD has been spent. On closer review, you find that only 40% of the work has become to date. Based on these figures, answer the following questions to receive full grade you must show your work 1....
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an...

QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the...
Consider the following project activities, their cost, baseline time, actual time spent, and estimated time to...

Consider the following project activities, their cost, baseline time, actual time spent, and estimated time to completion: Task Estimated Cost per hour Baseline Duration Actual Time Spent Estimated Time to Completion A $75 14 hr 15 hr 1 hr B $92 19 hr 18 hr 2 hr C $135 11 hr 9 hr 2 hr D $110 13 hr 13 hr 1 hr Calculate the following project values showing your work: Planned Value Actual Cost Earned Value Schedule Variance Cost...

What is the cost performance index (as a percentage) for a project based on the following informa...

What is the cost performance index (as a percentage) for a project based on the following information Budget At Completion is $613,595 . Current total percent complete is 21.23% . Cumulative actual cost to date is $155,555 Cumulative planned cost to date is $304,866 What is the cost performance index (as a percentage) for a project based on the following information Budget At Completion is $613,595 . Current total percent complete is 21.23% . Cumulative actual cost to date is...

At some point in the life of a project, the project manager determined the following data...

Homework Answers