A project has spent a total of $7,500 to date and that the earned value is $5,000. What is the current status of this project?

A Over planned cost.

explanation

To calculate the project’s performance, use the cost performance index (CPI) earned value calculation: CPI = EV ÷ AC. Plug in the provided values, we have : $5,000 ÷ $7,500 = $0.67. A CPI of less than 1 shows that the project is performing over budget.