PMP (Project Management Professional) · Question
Which earned value management (EVM) metric indicates how efficiently the project budget is being used?
The Cost Performance Index (CPI) measures the cost efficiency of the budget spent for the work completed, reflecting how efficiently the budget is being utilize
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Question: Which earned value management (EVM) metric indicates how efficiently the project budget is being used?
Answer options:
- Schedule Performance Index (SPI) ✅ Cost Performance Index (CPI)
- Estimate at Completion (EAC)
- Variance at Completion (VAC)
Correct answer: Cost Performance Index (CPI)
Explanation: The Cost Performance Index (CPI) measures the cost efficiency of the budget spent for the work completed, reflecting how efficiently the budget is being utilized.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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