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CPI and SPI question

Dear admin/all,

I have few questions. Please help me with the below so my understanding on Earned value is clearer.

1. CPI and SPI - is this measurement for the current status of cost and schedules or does this predict future ?

2. When a project is complete is the CPI and SPI always =1? What happens when you are in the execution phase and arrive at cpi>1 and spi <1 and decide to do nothing. Does this mean in such a case also the spi at the end or project remains 1?

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