CAPM (Certified Associate in Project Management) Practice Exam

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What does the Schedule Performance Index (SPI) specifically measure?

Cost efficiency of the project
Schedule efficiency of the project
Total cost at the completion of the project
Total budget of the project

The correct answer is: Schedule efficiency of the project

The Schedule Performance Index (SPI) specifically measures the schedule efficiency of the project. It is a crucial metric in project management that indicates the project's progress in terms of scheduled tasks completed compared to the planned schedule. A value of SPI equal to 1 indicates that the project is right on track, values greater than 1 show ahead of schedule performance, and values less than 1 indicate delays in the project schedule. Option A, the cost efficiency of the project, is measured by the Cost Performance Index (CPI), not SPI. Option C, the total cost at the completion of the project, is measured by the Estimate at Completion (EAC) calculations. Option D, the total budget of the project, is not specifically measured by the SPI; it is more related to the Budget at Completion (BAC) in project management terms.