A project with a CPI of .92 would be:
A) Under Budget
B) Behind Schedule
C) Ahead of Schedule
D) Over Budget
This week’s correct answer is:
D
“The cost performance index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost. It measures the cost efficiency for the work completed. A CPI value of less than 1.0 indicates a cost overrun for work completed. A CPI value greater than 1.0 indicates a cost underrun of performance to date.”
A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 263)
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