SOFTWARE PROJECT MANAGEMENT
PROJECT SCHEDULING AND TRACKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Project is running behind the monetary value of the work it planned to accomplish
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Earned value physically accomplished thus far is 100%
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Project has experienced a permanent loss of time
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Project may not be on schedule, but the project manager need not be concerned
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Detailed explanation-1: -For example, an SPI above 1 equates to being ahead of schedule, whereas an SPI under 1 means you’re behind schedule. And, if your SPI is equal to 1, your project is exactly on schedule. In summary: SPI > 1: Project is ahead of schedule; more work has been completed than expected.
Detailed explanation-2: -An SPI value less than 1.0 indicates less work was completed than was planned. An SPI greater than 1.0 indicates that more work was completed than was planned.
Detailed explanation-3: -An SPI of 1.0 means that the project is exactly on schedule. The work completed so far is the work planned to be done so far. An SPI greater than 1.0, on the other hand, means more work was completed than the planned work. The project is ahead of schedule.