What does the Schedule Performance Index SPI say about the project quizlet?

1) PM's Bottom-up
EAC = AC + Bottom-up ETC
- When you want to forecast EAC based on the project manager's bottom-up ETC

2) Based on budgeted value
EAC = AC + BAC - EV
- When variances are not expected to occur for the remainder of the project, so the costs of future work are estimated to be the same as the budgeted costs

3) Based on the CPI
EAC = BAC ÷ cumulative CPI
- When you want to take the cost performance of a project into account, and assume its current cost performance level won't change for the remainder of the project

4) Based on the SPI and CPI
EAC = AC + [(BAC - EV) ÷ (cumulative CPI x cumulative SPI)]
- When you want to take both the schedule and cost performance of the project into account, and the project schedule is a factor likely to impact the ETC.

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What does the schedule Performance Index SPI say about the project?

The schedule performance index (SPI) is a measure of the conformance of actual progress (earned value) to the planned progress: SPI = EV / PV. In both of the above formulas, a value of 1.0 indicates that the project performance is on target.

What does the SPI tell you?

“The Schedule Performance Index (SPI) is a measure of schedule efficiency, expressed as the ratio of earned value to planned value.” At the core, the SPI gives insight into the accuracy of the predicted schedule compared to the actual schedule of the project.

How do you interpret your project when the schedule Performance Index SPI value of the project is less than one SPI 1?

If SPI is less than 1 then project is behind schedule. If CPI is greater than 1 then project is under budget. If SPI is greater than 1 then project is ahead of schedule. If CPI is equal to 1 then project is on estimated budget.

How do you interpret SPI in project management?

If the ratio has a value higher than 1 this indicates the project is progressing well against the schedule. If the SPI is 1, then the project is progressing exactly as planned. If the SPI is less than 1 then the project is running behind schedule.