Crucial Exams

Project Management Professional Practice Question

A project manager is reviewing the project's performance midway through its execution. The total planned budget, or Budget at Completion (BAC), is $500,000. Due to some early efficiencies, the team's latest forecast suggests the project can be completed for $480,000, which is the new Estimate at Completion (EAC). Which of the following statements best describes the project's situation based on this data?

  • The project's Cost Performance Index (CPI) must be less than 1, indicating the project is over budget.

  • The project has a projected budget deficit of $20,000, indicating an unfavorable Variance at Completion (VAC).

  • The project's Schedule Performance Index (SPI) cannot be determined from the information provided.

  • The project has a projected budget surplus of $20,000, indicating a favorable Variance at Completion (VAC).

Project Management Professional
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