You are using earned value analysis for your project. You have posted the data to your team:

PV $=$ $$2200$

EV $=$ $$2000$

AC $=$ $$2500$

BAC $=$ $$10,000$

What is the cpi of this project and what does it tell us about cost performance?

a$.0\mathrm{.}20-$ cost is to plan

b$.0\mathrm{.}80-$ actual costs have exceeded planned costs

c$.0\mathrm{.}80-$ actual costs are less than planned costs

d$.1\mathrm{.}25-$ actual costs are above$$planned$$costs