Hi All,

Encountered this question on Free PM Exam Simulator and am not able to get to the answer they have posted.

Here is the question:

You are managing a construction project and your project budget is $20,000. You have spent $17,000 so far and the project is 75% complete. A new project budget of $25,000 has been approved. What should be your cost performance if you want to complete the project within the new approved budget?

Options: (1) 1.667 (2) 0.882 (3) 0.625 (4) 0.521

Ans: (3) - 0.625.