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GIAC Exam GCPM Topic 8 Question 42 Discussion

Actual exam question for GIAC's GIAC Certified Project Manager exam
Question #: 42
Topic #: 8
[All GIAC Certified Project Manager Questions]

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?

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Suggested Answer: D

by Gertude at Apr 11, 2024, 10:47 AM

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Jamika
10 days ago
Alright, let's do this! Budgeted Cost of Work Performed = 45% of $805,000 = $362,250. Actual Cost of Work Performed = $430,000. CPI = $362,250 / $430,000 = 0.84.
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Barrett
12 days ago
CPI = Budgeted Cost of Work Performed / Actual Cost of Work Performed. So we need to calculate those values first.
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Denny
13 days ago
Hold on, how did you arrive at that? I'm still trying to wrap my head around the formula for CPI.
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Daniel
14 days ago
I'm leaning towards option C, 0.86. That seems to make the most sense based on the information provided.
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Naomi
16 days ago
Okay, let's think this through step-by-step. We've got the budget, the percentage of work completed, and the actual amount spent. Shouldn't be too hard to figure out the cost performance index.
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Ilda
17 days ago
Wow, this question seems tricky! I'm not sure I'm fully prepared for this kind of calculation in the exam.
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