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Michael McNeil

Michael McNeil

Admin: The Answer should be C

Schedule Performance Indicator (SPI)

Schedule Performance Indicator is an index showing the efficiency of the time utilized on the project. Schedule Performance Indicator can be calculated using the following formula:

SPI = Earned Value (EV) / Planned Value (PV)

OR

SPI = BCWP / BCWS

The formula mentioned above gives the efficiency of the project team in utilizing the time allocated for the project.

SPI value above 1 indicates project team is very efficient in utilizing the time allocated to the project.

SPI value below 1 indicates project team is less efficient in utilizing the time allocated to the project.