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The schedule performance index (SPI) is calculated as

Planned Value (PV) divided by Earned Value (EV)
Earned Value(EV) divided by Planned Value (PV)
Project duration divided by Earned Value divided by Planned Value (Duration/(EV/PV))
Earned Value (EV) minus Planned Value (PV)

Correct Answer: Earned Value(EV) divided by Planned Value (PV)

Explanation:

Answer A is reversed. Answer C is sometimes mistakenly used to forecast project completion (it’s invalid because it does not take into consideration which completed tasks are on the critical path). Answer D is the definition of Schedule Variance.

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