ITPEC FE Morning April 2023 Question 54

Source exam: ITPEC FE Morning April 2023Topic: Project Management

ITPEC FE Morning April 2023 — Question 54 of 80

Given: PV = $80,000, AC = $100,000, work is 75% complete.

  • •EV = 75% × $80,000 = $60,000
  • •SPI = EV / PV = 60,000 / 80,000 = 0.75
  • •CPI = EV / AC = 60,000 / 100,000 = 0.6

Answer: (b) — SPI = 0.75, CPI = 0.6

Why not others:
- (a) SPI=0.6, CPI=0.75 — swapped values; SPI uses PV in denominator, CPI uses AC
- (c) SPI=0.75, CPI=1.25 — CPI > 1 would mean under-budget, but actual cost exceeds earned value
- (d) SPI=1.25, CPI=0.75 — SPI > 1 would mean ahead of schedule, but the project is behind

Key rule: EV is always the numerator — SPI = EV/PV, CPI = EV/AC. Values below 1.0 mean behind schedule or over budget.

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