What is the best way to explain "a CPI of 0.70"?Multiple choice question.70% of the project's budget has been spent.$0.70 worth of planned work has been completed for each $1.00 actually spent.$0.70 has been spent for each $1.00 worth of work completed.
Question
What is the best way to explain "a CPI of 0.70"?Multiple choice question.70% of the project's budget has been spent.1.00 actually spent.1.00 worth of work completed.
Solution
The best way to explain "a CPI of 0.70" is: "1.00 actually spent." This is because CPI, or Cost Performance Index, is a measure of the financial effectiveness and efficiency of a project. A CPI of 0.70 means that for every dollar spent, only 70 cents worth of work has been completed, indicating that the project is over budget.
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