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Skillset Inc.'s Project Portfolio consists of projects which are revenue generators, continuous improvement, and new product transfers. One project in particular has been running over budget but ahead of schedule, which set of parameters below accurately describes this condition:
None of these
The EV is $100,000, AC is $120,000 and the Scheduled Performance Index is >1
The AC is $100,000, EV is $120,000 and the Scheduled Performance Index is <1
The Cost Performance Index is .35 and the Scheduled Performance index is .25
The Cost Performance Index is >1 and the Scheduled Performance index is >1
EV of $100,000, AC of $120,000 and Scheduled Performance Index of >1 is the most correct answer as Overbudget is CPI<1=EV/AC which in this case =.83 and SPI for Schedule is >1 which is ahead of schedule. AC of $100,000, EV of $120,000 and Scheduled Performance Index of <1 is incorrect as CPI>1=EV/AC which in this case =.1.2 or Underbudget and SPI for Schedule is <1 which is behind schedule. Cost Performance Index of >1 and Scheduled Performance index of >1 is incorrect as CPI>1 or Underbudget but SPI for Schedule is >1 ahead of schedule. Cost Performance Index of .35 and Scheduled Performance index of .25 is also incorrect as CPI is <1 showing overbudget but SPI is also <1 or behind schedule. (PMBOK 2013 Rev 5th Edition, pgs 217-225).
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