Activity	Day 1	Day 2	Day 3	Day 4	Status End of Day 3
Side 1	S-----------F				Complete Spent $2,000
Side 2		S--------PF	----F		Complete Spent $2,200
Side 3			PS--S------PF		40% done, spent $1,000
Side 4				PS---------PF	Not yet started
Key S= Actual Start, F=Actual Finish, PS=Planned Start and PF=Planned Finish

Earned Value Management (EVM): You have a project to build a new fence. The fence is four sided as shown. Each side is to take one day to build and is budgeted for $2000 per side. The sides are planned to be completed one after the other. Today is the end of day 3. What is the Cost Performance Index (CPI)?

a.

0.88

b.

0.93

c.

0.80

d.

0.92