PMI-SP Exam - Topic 2 Question 84 Discussion

Actual exam question for PMI's PMI-SP exam

Question #: 84
Topic #: 2

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?

A$227,140

B0.75

C0.95

D-$56,789

Show Suggested Answer

Suggested Answer: A

by Han at Aug 08, 2024, 06:46 PM

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Oliva

3 months ago

BAC is $567,899 and we're 30% complete, so EV is $170,370.

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Paz

3 months ago

Totally agree, 0.75 makes sense with the current progress.

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Lea

3 months ago

Wait, how can it be negative? That doesn't seem right.

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Fernanda

4 months ago

I think it's around 0.75 based on the numbers.

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Orville

4 months ago

The SPI is calculated as EV / PV.

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Dion

4 months 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?

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Ailene

4 months 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?

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Kayleigh

4 months 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.

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Latosha

5 months 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.

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Cassie

5 months 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.

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Edna

5 months 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.

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Tamar

5 months 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.

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Maryann

5 months 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...

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Glenna

5 months 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.

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Lea

5 months 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.

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Julieta

10 months 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.

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Tiera

8 months ago

C) 0.95

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Lynette

9 months ago

B) 0.75

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Elizabeth

9 months ago

A) $227,140

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Lashandra

10 months 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.

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Chu

9 months ago

D) -$56,789

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Long

9 months ago

C) 0.95

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Lizette

9 months ago

B) 0.75

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Frederick

10 months ago

A) $227,140

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Shalon

10 months 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.

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Stefania

9 months ago

Yes, that's correct. The SPI is 0.75.

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Caitlin

10 months ago

I think the SPI is 0.75.

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Renea

11 months 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.

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