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1) If the Earned Value of a project is, its Actual Cost is and the Planned Value is, the project is:
a) Under budget and on time
b) Within the budget but delayed
c) Under the budget but with a tendency to rise
Over budget and with a delayed schedule
Option is D) Over budget and with a delayed schedule
After calculating SPI and CPI:
CPI =0. (cost performance index)
SPI =0. (schedule performance index)
Both the measurement indexes are less than1.0 which means-: project is delayed as per SPI value and cost overrun as CPI indicates.
SPI < 1 = Delayed
CPI < 1 = Over Budget
Over budget and most probably behind schedule
Over budget and behind schedule.