With reference to the diagram below, it can be inferred that the project is currently:
Ahead of schedule and under budget,
Ahead of schedule and over budget,
Behind schedule and under budget,
Behind schedule and over budget
From the graph;
Also,
Thus, the project is behind schedule and over budget. Therefore the correct answer is D.
With reference to the diagram below, it can be inferred that the project is currently:
ahead of schedule and under budget,
ahead of schedule and over budget,
behind schedule and under budget,
behind schedule and over budget
From the graph;
Also,
Therefore the project is behind schedule and under budget. Thus, the correct answer is C.
With reference to the diagram below, it can be inferred that the project is currently:
ahead of schedule and under budget,
ahead of schedule and over budget,
behind schedule and under budget,
behind schedule and over budget
From the graph;
Also,
Therefore, the project is ahead of schedule and over budget. Thus, the correct answer is B.
If a project has a Schedule Performance Index (SPI) of 0.90, this means that:
a) 90% of the work planned to date has been completed.
b) 90% of the work of the whole project has been completed.
c) 90% of the budget planned to date has been spent.
d) 90% of the project budget has been spent.
The SPI represents the performance of a project represents how close the project or work is being completed compared to the schedule. It is the ration of the earned value to the planned value, i.e.,
. If the value of SPI is 1, it means the project is 100% of the scheduled work tofate is complete. Thus, if the SPI is 0.90, 90% of the scheduled work has been completed to date. Thus, the correct answer is A.
A project with both Schedule Performance Index (SPI) and Cost Performance Index (CPI) of .80. The project is currently
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Therefore the project is “behind schedule and over budget.”
A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)?
Therefore,
A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Cost Variance (CV)?
Therefore,
A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Schedule Performance Index (SPI)?
A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Cost Performance Index (CPI)?
You are the project manager of a housing project in which a total of 10 houses are to be built over 10 months (1 house per month). The total budget for the housing project is $1,000,000. The project is now at the end of the sixth month with five houses built and $500,000 spent. The project is behind schedule owing to a work strike for a month. The Cost Performance Index (CPI) for the project is
From the question;
Therefore,