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Harriet has 3 projects, with the following conditions: Project 1 _ CPI=.8 & SPI =.9 and is in Closing phase of project Project 2- CPI=1.1 & SPI=.95 and is in Execution phase of project Project 3 _ CPI= 1.05 & SPI=1.1 and is in Planning phase of project Which of her projects, based on the CPI and SPI parameters, would most likely be able to make up on schedule losses and still remain at or below planned costs?
All of these
Project 1
Project 2
Project 3
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 1 is incorrect as CPI is already over planned cost so could not help with schedule improvements. Project 3 is incorrect as both parameters are ahead of schedule and cost so there is no need to make course correction changes. "All of these" is incorrect as only Project 2 meets critieria. Project 2 is correct as CPI is under planned cost greater then how far SPI is behind schedule. (PMBOK 2013 Rev 5th Edition, pgs 217-225).
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