At the End of Week 20, This Project Has Cost

question 85

Multiple Choice

At the end of week 20, this project has cost $79,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

• A) 1.11
• B) 0.82
• C) 0.94
• D) 0.90

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Definitions:

Tacit Knowledge

Knowledge gained through personal experience and context that is not easily communicated or documented, often contrasted with explicit knowledge.

Explicit Knowledge

Knowledge that is easily conveyed, written, or shared in a structured format; it is information that is readily available and accessible.

Predictive Knowledge

Knowledge that enables predictions about future events or trends based on current or historical data.

Estimating Components

The process of assessing and predicting the necessary elements, costs, and resources for a project or manufacturing process.