Oliver 75 - 11th Question

[sachin07]

You found the following earned value analysis information for a project that was recently closed-out:

SPI = 0.7, CPI = 1.0

The project has been cancelled while it was executed. At that time the project was behind schedule and on budget.
The project's deliverables have all been finished. The project came in behind schedule but on budget.
The project's deliverables have all been finished. The project came in ahead of schedule but on budget.
The project's deliverables have all been finished. The project came in on schedule but over budget.

Please suggest.

[sachin07]

I went with B but the correct answer given is "A" . That what i was wondering , how can we say that the project was cancelled. This is from Oliver 75 questions.

Any further view from other friends ?

[bhuvanpanwar1983]

you are right Ans A is the right choice.

[sachin07]

Thanks a lot for answer . Make sense.

[coolpmp69]

Sorry I misread the question.. correct answer is A -The project has been cancelled while it was executed. At that time the project was behind schedule and on budget.

[Mohammed]

this mean ???

if ...... SPI=1

deliverables are complete....

Can any body Explain ?

[coolpmp69]

"The schedule performance index (SPI) is a measure of schedule efficiency expressed as the ratio of earned value to planned value. It measures how efficiently the project team is using its time. An SPI value less than 1.0 indicates less work was completed than was planned. An SPI greater than 1.0 indicates that more work was completed than was planned." (PMBOK 219)

SPI=1 implies that your project is on time

[suhail1097@gmail.com]

You found the following earned value analysis information for a project that was recently closed-out:

SPI = 0.7, CPI = 1.0

and its answer is " The project has been cancelled while it was executed. At that time the project was behind schedule and on budget."

How we came to project was cancelled in place of finished or closed

pls assist

thanks,
Suhail

[saket]

May refer this thread to start with : viewtopic.php?f=31&t=3041

[jyotimayank]

The correct answer is option A.
The Scheduled Performance Index (SPI) is a measure of schedule efficiency expressed as the ratio of earned value to planned value. SPI= EV/PV
The Cost Performance Index (CPI) is a measure of cost efficiency expressed as the ratio of earned value to actual cost. CPI= EV/AC

Refer to Page 219 0f PMBOK® Guide 5th Edition

For more insight of this topic refer to the following blog

http://www.izenbridge.com/blog/how-to-c ... pi-trends/

[komal]

Still could not understand how recently closed-out meant by Cancelled of project.

[Prembalaji]

Keyword is "CLOSED-OUT"
Dictonary meaning is Terminated / In-adequet / Exhausted

Hope this info helps