PMP Practice: Communicate Change Status

Sahar Mohammadi is managing a hybrid project for Coral Reef Fintech to develop a cloud-based inventory platform. The project uses time-boxed sprints for development work and predictive scheduling for infrastructure deployment. The project budget is $480,000 with a planned 12-month duration. At the 6-month status review, the finance controller reports that $276,000 has been spent. Sahar's team has completed work originally estimated to cost $264,000. The project baseline called for $240,000 worth of work to be completed by this point. A major stakeholder now wants to add a real-time analytics dashboard, estimated to cost $72,000 and requiring 8 additional weeks. Before presenting this change request to the change control board, Sahar needs to calculate the project's current cost performance index (CPI) to contextualize the financial impact of the proposed change. What is the CPI?