You are working on a project that is scheduled to be completed in $1$ year. The total budget for the project is $$10,000.$ Six months have passed and the schedule indicates that $50\%$ of the work should be completed by now. But your team has only completed $25\%$ of the project and spent $$2500.$

You are working on a project that is scheduled to be completed in $1$ year. The total budget for the project is $$10,000.$ Six months have passed and the schedule indicates that $50\%$ of the work should be completed by now. But your team has only completed $25\%$ of the project and spent $$2500.$

What is the Schedule Performnce Index $($SPI$)$ for the project and what does it indicate?