You are using earned value progress reporting for your current project in an effort to teach your software developers the benefits of earned value. You plan to display project results on the cafeteria bulletin board so that the team knows how the project is
progressing.
progressing.
PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000
What is the CPI for this project, and what does it tell us about cost performance thus far?
A. 0.20; actual costs are exactly as planned
B. 0.80; actual costs have exceeded planned costs
C. 0.80; actual costs are less than planned costs
D. 1.25; actual costs have exceeded planned costs