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Nick has 3 projects, with the following conditions: Project 1 _ CPI=1.3 & SPI =1.1 is in Closing Phase of Project, Project 2- CPI=.7 & SPI=1.1 is in Execution phase of project, Project 3 _ CPI= 1.0 & SPI=1.1 is in Planning phase of project. Which of his projects, based on the CPI and SPI parameters alone has worst cost position?
Project 3
Project 1
None of the Projects
Project 2
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. Project 2 is over budget.
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