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