Question: Assume that operations on a work package were expected to cost $1,500 to complete the package. They were originally scheduled to have been finished today.

Assume that operations on a work package were expected to cost $1,500 to complete the package. They were originally scheduled to have been finished today. At this point, however, we have actually expended $1,200, and we estimate that we have completed four-fifths of the work. What is the Cost-Schedule Index? What does it indicate? Show all your work and explain.

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