A CPI Index of 0

question 2

True/False

A CPI index of 0.97 indicates that the project has spent less money than budgeted.

---

Definitions:

Fixed-Position Layout

An operational strategy where the product remains stationary, and workers, materials, and equipment are moved as needed.

Product Layout

An arrangement of equipment or workstations in the sequence that production operations are performed to manufacture a product.

Process Layout

An arrangement of workplace resources according to the sequence of production tasks, optimizing workflows and efficiency in manufacturing or service processes.

Long-Term Contractual Basis

Refers to agreements or commitments that extend over a prolonged period, usually exceeding one year, governing ongoing relationships or projects.