Microsoft MB-310 Microsoft Dynamics 365 Finance 10 31Oct2024 - Practice Quiz

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Question 1 of 30

A project manager is overseeing a software development project with a total budget of $200,000. The project is currently 40% complete, and the actual costs incurred so far amount to $90,000. The project manager wants to assess the project\'s performance using the Earned Value Management (EVM) technique. What is the Cost Performance Index (CPI) for this project, and what does it indicate about the project\'s financial health?

1.11, indicating that the project is under budget

0.89, indicating that the project is over budget

1.00, indicating that the project is on budget

0.75, indicating that the project is significantly over budget

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