Your project control administrator submits an interim report to you stating that, as of the current period,

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Your project control administrator submits an interim report to you stating that, as of the current period, your project has a CPI of 1.4. How should you interpret this information?

a. You are spending $1.40 for every dollar you are earning on this project

b. You are earning value on this project at 1.4 times the rate you had planned

c. This number is meaningless with the SPI number

d. You are earning value on this project at 0.71 times the rate you planned

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