Question: For a specific work, the following budget has been assigned which is expected to be run for 12 months. The budget should be divided among

For a specific work, the following budget has been assigned which is expected to be run for 12 months. The budget should be divided among all months. The project is now in the fourth month. What is the Schedule Performance Index (SPI) in this case?

Budget= $240,000 The actual work completed is 20% of the total work

	a.	1
	b.	1.9
	c.	2.5
	d.	1.66

Potential formulas:

SPI = EV/PV

Schedule performance index = earned value / potential value

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