What is the critical path index (CPI) used for?

Prepare for the AACE PSP Certification Exam with flashcards and multiple-choice questions. Enhance your knowledge with explanations and hints. Get exam ready today!

The critical path index (CPI) is crucial for assessing the realism of the critical path duration in a project schedule. It provides insights into whether the planned duration of activities along the critical path aligns with the actual progress of the project. By evaluating the CPI, project managers can determine if the project is on track, behind, or ahead of schedule in relation to the critical path, which consists of tasks that directly influence the project completion date. A CPI value less than one suggests that the project is taking longer than planned, leading to potential delays in finishing the project on time.

The other options touch on different aspects of project management but do not accurately represent the specific function of the critical path index. For instance, resource conflicts pertain more to resource allocation and management rather than critical path duration; efficient task allocation is primarily concerned with workload distribution; and project cost evaluation revolves around financial metrics rather than scheduling metrics like the CPI. Each of these aspects is important in project management, but they serve different purposes and are measured using different tools and indices than the CPI.

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