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What is the meaning of an index of "=1.00" on SPI?Multiple choice question.Under costOn costOver costAhead of scheduleOn scheduleBehind schedule

Question

What is the meaning of an index of "=1.00" on SPI?

  • Under cost
  • On cost
  • Over cost
  • Ahead of schedule
  • On schedule
  • Behind schedule
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Solution

The term "SPI" stands for Schedule Performance Index, which is a measure used in project management to assess the efficiency of time utilization on a project. An SPI of "=1.00" indicates that the project is perfectly on schedule. Here is a breakdown of the options:

  1. Under cost: Not relevant to SPI, which focuses on schedule rather than cost.
  2. On cost: Relates to cost performance, not applicable here.
  3. Over cost: Again, not relevant to SPI.
  4. Ahead of schedule: This would be indicated by an SPI greater than 1.00.
  5. On schedule: Correct, since an SPI of 1.00 means the project is progressing as planned.
  6. Behind schedule: This would be indicated by an SPI less than 1.00.

Final Answer

The meaning of an index of "=1.00" on SPI is On schedule.

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