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GIAC GCPM Exam - Topic 7 Question 83 Discussion

You are the project manager for company Inc. Your project has a budget at completion of $950,000 and is 45 percent complete, though the project should be 50 percent complete. The project has spent $450,897 to reach the 45 percent complete milestone. What is the project's cost performance index?
D) 0.95
A) 0.84
B) 0.86
C) 0.98

GIAC GCPM Exam - Topic 7 Question 83 Discussion

Actual exam question for GIAC's GCPM exam
Question #: 83
Topic #: 7
[All GCPM Questions]

You are the project manager for company Inc. Your project has a budget at completion of $950,000 and is 45 percent complete, though the project should be 50 percent complete. The project has spent $450,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

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Suggested Answer: D

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Louis
2 days ago
45% complete but should be 50%? That's not great.
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Derick
7 days ago
The budget at completion is $950,000.
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Reynalda
12 days ago
I’m leaning towards option B, but I’m not confident. I think I need to double-check my calculations for the CPI before I finalize my answer.
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Annabelle
2 months ago
I feel like I’ve seen a similar question before, but I can’t recall if we should be concerned about the percentage completion when calculating CPI. Does it affect the earned value?
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Jesse
2 months ago
I think the earned value here would be 50% of the budget, which is $475,000, right? So, if we divide that by the actual cost, we should get the CPI.
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Rodrigo
2 months ago
I remember we practiced calculating the cost performance index, but I’m not entirely sure about the formula. Is it just earned value divided by actual cost?
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