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:
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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.
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