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What is the cost performance index

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Reference no: EM133135035

Question - You are the Program Manager managing the construction of a new airport. Five project managers are directly reporting to you. Each project manager is assigned a part of the total scope of works to be executed independently. The total duration allowed to complete all works is 24 months and the total approved budget is $10,000,000.

At the end of the first year, you should have completed $6,000,000 worth of work but the project is only 50% complete. Actual costs reported by each project manager for the first year are:

Project manager 1: $200,000

Project manager 2: $1,200,000

Project manager 3: $1,800,000

Project manager 4: $500,000

Project manager 5: $900,000.

Required - What is the Cost Performance Index?

Reference no: EM133135035

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