PM: Cost Performance
In this learning activity you'll focus on defining Cost Performance and Cost Variance as part of project management.
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Topics of this game:
- ____________ measures a project's cost efficiency.
- Which of these is the correct formula for determining the Cost Performance Index (CPI)?
- If $75,000 was budgeted, $80,000 was expended, AND $64,000 was the earned value of the work actually performed, what is the correct CPI ratio?
- A CPI ratio of 0.8 indicates that ________.
- When the CPI ratio drops below 1.0 or is trending down, corrective action should be taken.
- ______ is the difference between the cumulative earned value of work performed and the cumulative actual cost.
- Cost Variance is an indicator of cost performance.
- Select the proper cost variance formula.
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