You are calculating the estimated time to completion for a project of 1-year duration and a budgeted cost of $500,000. Assuming the following information, please calculate the schedule performance index and estimated time to completion.

You are calculating the estimated time to completion for a project of 1-year duration and a budgeted cost of $500,000.  Assuming the following information, please calculate the schedule performance index and estimated time to completion.


Schedule Variances
           
            Planned Value of Work Scheduled (PV)                        65

            Earned Value (EV)                                                            58

            Schedule Performance Index                                                                                   
           
            Estimated Time to Completion                                                                       



Solution:

Schedule Performance Index (SPI) = 58/65 = .89

Estimated Time to Completion = (1/.89) x 12 months = 13.45 months, or almost 2 months behind schedule.

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