As a project manager, you have learned, as of the last audit of your project, the project's SPI was 68%, and the project's CPI was 80%. How would you interpret these two parameters? And what would you be your reaction?
SPI is Schedule Performance Index and CPI is cost performance index both SPI and CPI are efficiency factor regarding project.
SPI depicts ratio of earned value to planned value analyzing schedule efficiency.SPI 68% means earned value is 68% of planned value. SPI is less than one, action is needed to be taken taking project further.
CPI depicts ratio of value of work done to total cost spent for that. CPI 80 means 80% value is achieved CPI less than one means, project is over budget and and it should be looked upon carefully as it it's not proceeding as it should be.
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