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Nick has 3 projects, with the following conditions: Project 1 _ CPI=1.0 & SPI =1.0 is inClosing Phase of Project, Project 2- CPI=1.0 & SPI=1.0 is in Execution phase of project, Project 3 _ CPI= 1.00 & SPI=1.0 is in Planning phase of project. Which of his projects, based on the CPI and SPI parameters alone shows the best managed project?
Project 1
Project 2
Project 3
All of the Projects
Let's first look at the definition of Schedule Performance Index and Cost Performance Index; A value >1 shows ahead of planned schedule and under planned cost, a value<1.0 is behind planned schedule and over budgeted cost, and a value=1.0 is on planned schedule and on planned cost. The goal of any project is to be on schedule an on budget to show that al estimates and plans were carried out as expected. Project 1 is the most correct as project was closed both on time and on budget.
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