Wait, what's the difference between PV, EV, and AC again? I'm drawing a blank on the definitions. I better review those concepts before trying to solve this.
Hmm, I'm a bit confused. I know CPI has something to do with cost and performance, but I'm not sure how to apply the formula here. I'll have to think this through carefully.
Wait, wait, wait... what's the difference between PV and EV again? I always get those mixed up. I'll just guess and hope for the best - C) 0.75 sounds good.
PV stands for Planned Value and EV stands for Earned Value. PV is the budgeted cost of the work scheduled to be done, while EV is the budgeted cost of the work actually performed.
Kerry
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