A Cost Performance Index Greater Than 1.0 Means

question 80

Multiple Choice

A cost performance index greater than 1.0 means

• A) for every dollar spent on the project, more than one dollar of earned value was received
• B) for every dollar of earned value received, more than one dollar was spent on the project
• C) corrective action should be taken on the project.
• D) the total actual costs exceed the total budgeted costs

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Definitions:

Future Value

The value of an investment or sum of money projected at a future date, taking into account factors like interest rates or returns.

Economic Forces

Factors that influence the direction of an economy, including supply and demand, inflation, and employment levels.

Non-Renewable Resources

Natural resources that cannot be replenished once used, such as fossil fuels and minerals.

Renewable Resources

Natural resources that can be replenished over time, such as solar energy, wind power, and biomass, contributing to sustainable environmental practices.