Question: Youre managing a project using the earned value technique (EVT) for cost management. The project planned value (PV) is $200,000. The project earned value (EV)

You’re managing a project using the earned value technique (EVT) for cost management. The project planned value (PV) is $200,000. The project earned value (EV) is $100,000. The actual value (AV) is $150,000. Calculate the cost performance index (CPI) for the project. What is the cost-efficiency of the project?

A. Over budget B. Under budget C. On budget D. Unable to determine from the information given

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