Crucial Exams

Project Management Professional Practice Question

During a project status meeting, a project manager determines that the Earned Value (EV) is $300,000, the Actual Cost (AC) is $350,000, and the Planned Value (PV) is $250,000. What is the Cost Performance Index (CPI) for the project, and what does it signify about the project's cost efficiency?

  • 1.2, indicating that the project is under budget and cost-efficient

  • 0.75, indicating that the project has a favorable cost variance

  • 0.86, indicating that the project is over budget and not cost-efficient

  • 1.0, indicating that the project is right on budget

Project Management Professional
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