Cost Management Question:
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A schedule performance index (SPI) of 0.76 means:

A. You are over budget
B. You are ahead of schedule
C. You are only progressing at 76 percent of the rate originally planned
D. You are only progressing at 24 percent of the rate originally planned

Answer:

C. You are only progressing at 76 percent of the rate originally planned

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A cost performance index (CPI) of 0.89 means:

A. At this time, we expect the total project to cost 89 percent more than planned
B. When the project is completed we will have spent 89 percent more than planned
C. The project is only progressing at 89 percent of the rate planned
D. The project is only getting 89 cents out of every dollar invested		Which of the following is NOT needed in order to come up with a project estimate?

A. A WBS
B. A network diagram
C. Risks
D. A change control system