CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does the Schedule Performance Index (SPI) indicate?

The ratio of actual cost to planned value
The ratio of planned value to earned value
The ratio of earned value to planned value
The ratio of cost variance to schedule variance

The correct answer is: The ratio of earned value to planned value

The Schedule Performance Index (SPI) indicates the ratio of earned value to planned value. This ratio helps project managers understand how efficiently work is being performed in relation to the planned schedule. A value of 1 indicates that work is being completed as planned, while a value greater than 1 signifies that work is ahead of schedule, and a value less than 1 indicates that work is behind schedule. Option A is incorrect because it describes the Cost Performance Index (CPI), which is the ratio of actual cost to earned value. Option B is incorrect because it describes the Cost/Schedule Index (CSI), which is not a standard performance measurement used in project management. Option D is incorrect because it describes a combination of the Cost Performance Index (CPI) and Schedule Performance Index (SPI), which is not a standard performance measurement used in project management.