The ____ is the ratio of earned value to actual cost and can be used to estimate the projected cost of completing the project.
A)SV
B)CV
C)CPI
D)SPI

Question

Quizplus · Accepted Answer

CPI stands for Cost Performance Index, which is the ratio of earned value (the value of the work completed so far) to actual cost (the cost of the work completed so far). It indicates how efficiently the project team is using its resources to complete the project. A CPI greater than 1 indicates that the project is under budget, while a CPI less than 1 indicates that the project is over budget. By using the CPI, project managers can estimate the projected cost of completing the project.

The ____ Is the Ratio of Earned Value to Actual