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You work as a project manager for company Inc. You are working on a project that has a budget of $805,000 and you have completed 45 percent of the project work. Due to some errors, however, you have actually spent $430,000 of the budget. Management wants to know the project's cost performance index. Which of the following values will you report?
Suggested Answer: D
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35 comments · newest first
CH
Chun
10 months ago
Yeah, 0.87 seems about right!
JO
Jody
11 months ago
Wait, how did you spend that much already?
HO
Howard
11 months ago
Definitely not 0.80, that's way off!
TR
Tracey
11 months ago
I think it's 0.86, right?
ED
Edelmira
11 months ago
CPI is calculated as EV/AC.
FE
Felicitas
11 months ago
I feel like I might be mixing up the percentages and the actual costs. I should double-check my calculations before answering.
TA
Tambra
12 months ago
I practiced a similar question last week, and I think the CPI was around 0.85. I hope I can get the right answer this time.
GL
Glory
12 months ago
I think the formula is EV divided by AC, right? I just need to remember how to find those values first.
VA
Vallie
12 months ago
I remember we calculated the cost performance index in class, but I'm not entirely sure how to apply it here.
DE
Dean
12 months ago
No problem, I've done plenty of these types of questions before. I'll work through it systematically and double-check my work to make sure I get the right answer.
ED
Edna
12 months ago
I've got this! The key is to use the formula CPI = Earned Value / Actual Cost. With the information provided, I can easily plug in the values and get the answer.
KI
King
1 year ago
I'm a bit confused on how to approach this. Can someone walk me through the process of calculating the cost performance index?
FA
Farrah
1 year ago
Okay, let me think this through step-by-step. I need to find the planned value and the actual cost, then plug those into the formula.
SH
Sheridan
1 year ago
Hmm, this looks like a tricky one. I'll need to carefully calculate the cost performance index based on the given information.
LA
Layla
1 year ago
I'm a bit confused here. There are a few options that seem relevant, but I'm not sure which combination of actions will fully address the requirements. I'll need to carefully evaluate each choice to determine the best approach.
QU
Queenie
1 year ago
This seems like a tricky one. I'd want to focus on the key factors the auditor would consider, like the team members' experience and availability.
AL
Alyssa
1 year ago
Ah, I know this topic well. The answer is clearly "D. All of the above" since quantity, cost, and quality are all basic characteristics used to measure process performance.
RO
Rossana
1 year ago
These kinds of questions test whether you understand the professional standards for expert reporting. C is definitely problematic.
EL
Elly
2 years ago
Alright, time to put my project management skills to the test! Hmm, let's see... I think the answer is A) 0.87. But then again, I'm the kind of person who always double-checks their work, just in case the numbers decide to pull a fast one on me. You know what they say, 'measure twice, cut once' - or in this case, 'calculate twice, report once'.
BE
Bernadine
2 years ago
It's always good to double-check, but I agree with you on that one.
GL
Glenna
2 years ago
I think the answer is A) 0.87.
RE
Renato
2 years ago
Ooh, this is a tricky one! Let me think... Okay, I got it! The answer has to be D) 0.84. Why? Because I'm just that good at this stuff, that's why. Although, sometimes I do wonder if these questions are secretly designed to make us all feel like we're competing in a math olympiad.
PH
Phung
2 years ago
Alright, alright, I got this! The budget is $805,000, we've completed 45% of the work, and we've spent $430,000 so far. Gotta be C) 0.86, no doubt about it. I'm like a human calculator, just don't ask me to balance my own checkbook!
TA
Tanesha
2 years ago
I agree with Tanesha, C) 0.86 seems right.
MA
Maile
2 years ago
I'm pretty sure it's C) 0.86.
DA
Dahlia
2 years ago
I think it's A) 0.87.
LO
Loren
2 years ago
That's true. I'll go with 0.84 then.
KA
Kathrine
2 years ago
But we have spent more than planned, so maybe it's lower.
LO
Loren
2 years ago
I believe it should be 0.87.
KA
Kaycee
2 years ago
Hmm, let me see here... is it B) 0.80? I'm pretty sure that's the right answer, but you know what they say, 'the numbers don't lie, but the liars sure do count' - so I better double-check my work!
JO
Jodi
2 years ago
Looks like we all agree on the answer, B) 0.80.
ST
Staci
2 years ago
I calculated it as well, and I also got B) 0.80.
AL
Alaine
2 years ago
I agree, let's double-check our calculations just to be sure.
NG
Ngoc
2 years ago
I think the correct answer is B) 0.80.
KA
Kathrine
2 years ago
I think the cost performance index will be 0.86.