Intro to Mechanical Prototyping
The Cost Performance Index (CPI) is a crucial financial metric used in project management to assess the cost efficiency of a project by comparing the value of work performed to the actual costs incurred. It helps project managers determine whether they are staying within budget and allows for better forecasting and resource allocation. A CPI greater than 1 indicates cost efficiency, while a CPI less than 1 suggests that the project is over budget.
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