Question 4) Test Yourself on Certified Associate

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Objective: Project Monitoring and Controlling
SubObjective: Schedule Control

Single Answer Multiple Choice

A Schedule Performance Index of less than one indicates that the:

A. project has experienced a permanent loss of time
B. earned value physically accomplished so far is 100%
C. project may not be on schedule, but the project manager need not be concerned
D. project is running behind the monetary value of the work it planned to accomplish

Answer:
D. project is running behind the monetary value of the work it planned to accomplish

Tutorial:
Schedule Performance Index (SPI) tells the schedule efficiency ratio of earned value accomplished against the planned value. An SPI of less than one indicates that the project is taking more time than planned for the same amount of work and is behind the monetary value of the work that was planned to be accomplished.

An SPI less than one indicates that the project is taking more time than planned for the same amount of work and has experienced some loss of time. However, there is no information that indicates that the loss of time is permanent.

Earned value physically accomplished will be 100% only when the earned value equals planned value, therefore, the SPI would equal one.

An SPI of less than one indicates that the project is taking more time than planned for the same amount of work and that the project is running behind schedule. The project manager cannot ignore any variances in terms of time or cost.

Reference:
1. A Guide to the Project Management Body of Knowledge – PMBOK Guide 3rd Edition – Project Cost Management – 7.3.2 Cost Control: Tools and Techniques

2. A Guide to the Project Management Body of Knowledge – PMBOK Guide 3rd Edition – Glossary – Schedule Performance Index (SPI)

These questions are derived from the Self Test Software Practice Test for PMI exam #CAPM3ED – Certified Associate in Project Management, Third Edition

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