This graph describes the current performance of a project in relation to cost and schedule. What should the project manager do to bring the project back on track?
This graph describes the current performance of a project in relation to cost and schedule. What should the project manager do to bring the project back on track?
The graph shows CPI (Cost Performance Index) and SPI (Schedule Performance Index) values for the project weeks. A CPI value above 1 indicates that the project is under budget, and a CPI value below 1 indicates that the project is over budget. Similarly, an SPI value above 1 indicates that the project is ahead of schedule, and an SPI value below 1 indicates that the project is behind schedule. The graph consistently shows CPI values around 1 or above, indicating that the project is under budget. However, most SPI values are at or below 1, signifying that the project is behind schedule. Hence, the project manager should review the project schedule because the project is under budget and behind schedule.
CPI>1 (under budget) SPI<1 (behind schedule). CPI or SPI if >1 positive, <1 negative
You need to look at for the entire 6 weeks not just the last week. For the Cost: 3 weeks < 1 2 weeks = 1 1 week > 1 Overall is over budget. For the Schedule: 3 weeks = 1 3 weeks < 1 Overall is behind schedule. So the answer is C
Under Budget, Behind Schedule.
Review project schedule because the project is under budget and behind schedule.
A CPI above 1 is good ( Under Budget ) , Below 1 is Bad ( Over Budget )