Which of the following is the correct formula for computing a projects SPI?
A.
SPI = EV – AC
B.
SPI = EV / PV
C.
SPI = EV – PV
D.
SPI = EV / AC
Explanation:
Which of the following is the correct formula for computing a projects SPI?
Which of the following is the correct formula for computing a projects SPI?
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.