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CAPM Project Management Exam Prep

Category - Cost Management

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The CPI of project is .90, and the EV is $90,000. How much money has actually been spent on the project?

$100,000
$81,000
$810,000
$99,000
$98,100

Explanation

Answer: a
AC = EV / CPI = $90,000 / .9 = $100,000

Key Takeaway: Know this formula for your career and for the PMI exam. There will be at least one question where you have two out of the three variables and need to calculate the third.

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