A cost performance index greater than 1.0 means
A) for every dollar spent on the project, more than one dollar of earned value was received
B) for every dollar of earned value received, more than one dollar was spent on the project
C) corrective action should be taken on the project.
D) the total actual costs exceed the total budgeted costs

Question

Quizplus · Accepted Answer

A cost performance index greater than 1.0 means that for every dollar spent on the project, more than one dollar of earned value was received, indicating that the project is performing better than planned in terms of cost.

A Cost Performance Index Greater Than 1.0 Means