You Are the Project Manager of the NHQ Project for Your

question 244

Multiple Choice

You are the project manager of the NHQ project for your company. Management has told you that you must implement an agreed upon contingency response if the Cost Performance Index in your project is less than 0.90. Consider that your project has a budget at completion of $250,000 and is 60 percent complete. You are scheduled to be however, 75 percent complete, and you have spent $165,000 to date. What is the Cost Performance Index for this project to determine if the contingency response should happen?

• A) 0.88
• B) 0.80
• C) -$37,500
• D) 0.91

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Definitions:

Entitlement Approach

A method in economic policy or welfare economics where benefits are distributed based on set criteria, often used to ensure that basic needs are met.

Effective Benefit System

A well-designed set of employee benefits that support the wellbeing of employees and contribute to job satisfaction and retention.

Tax Implications

Tax implications are the effects of financial decisions on the amount of taxes owed, influencing individual or business finances.

Indirect Pay

Compensation that is not paid directly as cash but includes benefits like health insurance, retirement plans, and paid time off.