A program financial accountant learns that a project is currently earning $1.15 for each dollar actually spent. The accountant is able to determine this by looking at the
A) EV.
B) BAC.
C) SV.
D) SPI.
E) CPI.

Question

Quizplus · Accepted Answer

The Cost Performance Index (CPI) is used to calculate the financial efficiency of a project, specifically how much earning or value is obtained for each dollar spent. A CPI of $1.15 indicates that for every dollar spent, $1.15 is earned, directly relating to the scenario described.

A Program Financial Accountant Learns That a Project Is Currently