Exam PMP topic 1 question 915 discussion

B. Update the cost performance index (CPI) and schedule performance index (SPI) to measure the performance of the project. In preparation for the steering committee meeting, the project manager should focus on presenting quantitative performance metrics that track the project's progress, such as the Cost Performance Index (CPI) and Schedule Performance Index (SPI). These indices are widely accepted for measuring project performance in terms of cost and schedule. SPI helps assess whether the project is ahead or behind schedule, which is the focus of the meeting. CPI will also be relevant to understand cost performance, even if the meeting is focused on schedule. This prepares the project manager to present a clear, data-driven picture of the project's current state and its alignment with the overall program goals.

C. Prepare to explain that the schedule performance index (SPI), schedule variance (SV), and other performance metrics are being used

This meeting is scheduled and announced. CPI is completely irrelevant. So it's C.

In preparation for the steering committee meeting, the project manager should be ready to explain the schedule performance using relevant metrics such as the Schedule Performance Index (SPI) and Schedule Variance (SV). These metrics provide insights into how well the project is adhering to the schedule and whether it is ahead or behind. While option B suggests updating the Cost Performance Index (CPI) and SPI, focusing specifically on schedule-related metrics (SPI) is more relevant for addressing schedule performance in this context.

Option C is the most appropriate choice. When reporting to a steering committee in a large transformation program, it's essential to communicate the project's schedule performance using standard project management metrics. The schedule performance index (SPI), schedule variance (SV), and other relevant performance metrics provide a quantitative measure of how well the project is adhering to the schedule.

B is the answwer . In preparation for the upcoming steering committee meeting, the project manager should prioritize updating the Cost Performance Index (CPI) and Schedule Performance Index (SPI) to effectively measure the project's cost and schedule performance. These metrics are crucial for providing quantitative insights into the project's progress. While option A suggests financial metrics, the primary focus here is on schedule performance. Option C correctly mentions SPI and Schedule Variance (SV), reinforcing the importance of tracking these metrics. Option D, dismissing schedule performance metrics in an agile context, may hinder effective communication of project progress. Therefore, updating CPI and SPI aligns with standard project management practices and ensures a comprehensive assessment for the steering committee.