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You are the project manager of the HQQ Project. Your project is running late by ten percent of where you should be at this time. Management is concerned and they'd like to know what is your schedule performance index. Considering that the project has a BAC of $567,899, you are thirty percent complete, and you have spent $179,450, what is the SPI for this project?
Suggested Answer: A
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35 comments · newest first
OL
Oliva
11 months ago
BAC is $567,899 and we're 30% complete, so EV is $170,370.
PA
Paz
11 months ago
Totally agree, 0.75 makes sense with the current progress.
LE
Lea
12 months ago
Wait, how can it be negative? That doesn't seem right.
FE
Fernanda
12 months ago
I think it's around 0.75 based on the numbers.
OR
Orville
1 year ago
The SPI is calculated as EV / PV.
DI
Dion
1 year ago
I feel like I might be overthinking this. The project is behind schedule, so I guess the SPI should be less than 1, right?
AI
Ailene
1 year ago
I practiced a similar question where we had to determine SPI, and I think I got 0.75 for that one too. Could it be the same here?
KA
Kayleigh
1 year ago
I think the formula is SPI = EV / PV, but I’m a bit confused about how to find EV and PV in this scenario.
LA
Latosha
1 year ago
I remember calculating SPI in a practice question, but I’m not entirely sure how to apply it here with the BAC and the costs involved.
CA
Cassie
1 year ago
No problem, I've got this. SPI is equal to the earned value divided by the planned value, right? Okay, let me crunch the numbers and see which answer choice is correct.
ED
Edna
1 year ago
Ugh, I hate these earned value questions. There are so many formulas to remember. Let me just take a deep breath and try to work through this step-by-step.
TA
Tamar
1 year ago
Alright, this looks like a classic earned value management problem. I just need to plug in the given values - BAC, percent complete, and actual costs - and calculate the SPI. Should be straightforward enough.
MA
Maryann
1 year ago
Okay, let's see here. The project is running late by 10%, so that's a concern. I'll need to calculate the SPI to see how we're doing on schedule performance. Hmm, let me think through the formula for that...
GL
Glenna
1 year ago
The question is asking about the differences, so I'll need to contrast the two types of assets. Noncurrent assets are long-term, while current assets are short-term. I'll explain that clearly in my response.
LE
Lea
1 year ago
Blueliv threat exchange network sounds like it could be the right choice here. It's designed for gathering and sharing threat information, which is exactly what the analyst is looking for.
JU
Julieta
2 years ago
Ah, the joys of project management! This question reminds me of the time I had to calculate the SPI for a project that was running behind schedule because the team kept getting distracted by office ping-pong tournaments. Gotta love it! Anyway, I think B) 0.75 is the correct answer, but I might be a little biased since I'm the office ping-pong champion.
TI
Tiera
1 year ago
C) 0.95
LY
Lynette
1 year ago
B) 0.75
EL
Elizabeth
1 year ago
A) $227,140
LA
Lashandra
2 years ago
I'm scratching my head on this one. The question says the project is running late by 10%, but it doesn't give us the original planned schedule. How are we supposed to calculate the SPI without that information? I'm going to go with B) 0.75, but I'm not totally confident about it.
CH
Chu
1 year ago
D) -$56,789
LO
Long
1 year ago
C) 0.95
LI
Lizette
1 year ago
B) 0.75
FR
Frederick
2 years ago
A) $227,140
SH
Shalon
2 years ago
Okay, let's think this through step-by-step. The project is 30% complete, and the BAC is $567,899. So the planned value (PV) should be 30% of $567,899, which is $170,369.70. The actual cost (AC) is $179,450. Plugging these values into the SPI formula, we get 0.75. Looks like B) is the right answer.
ST
Stefania
1 year ago
Yes, that's correct. The SPI is 0.75.
CA
Caitlin
1 year ago
I think the SPI is 0.75.
RE
Renea
2 years ago
This question is testing our knowledge of the Schedule Performance Index (SPI), which is a crucial metric for project managers. I think the correct answer is B) 0.75, as this aligns with the project being 30% complete and having spent $179,450 out of a total BAC of $567,899.
JE
Jennie
1 year ago
D) -$56,789
TE
Tegan
1 year ago
C) 0.95
FR
Francesco
1 year ago
B) 0.75
KA
Kayleigh
2 years ago
A) $227,140
EL
Elfriede
2 years ago
I'm not sure about this one. Can someone explain how they got to 0.75?
VI
Vincent
2 years ago
I agree with Lenna. The SPI formula is EV / PV, so it should be 0.75.
LE
Lenna
2 years ago
I think the answer is B) 0.75.