PMI PMP Project Management

Category - Cost Management

The CPI of project is 1.2, and the actual cost is $100,000. What is the earned value calculation on the project?
  1. $120,000
  2. $83,333
  3. $90,000
  4. $220,000
  5. $103,450
Explanation
Answer: a
AC = EV / CPI
$100,000 = EV / 1.2
Multiply both sides by 1.2.
EV = $120,000

Key Takeaway: Just seeing if you were paying attention when we told you to memorize this formula.
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