To Completion Performance Index Notes: Definitions & Explanations PDF | Download eBooks
Study To Completion Performance Index lecture notes PDF with project management definitions and explanation to study What is To-Completion Performance Index?. Study to completion performance index explanation with project management terms to review project management course for online MBA programs.
To Completion Performance Index Definition:
To-complete performance index (TCPI) is a measure of the cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal, expressed as the ratio of the cost to finish the outstanding work to the remaining budget.
A Guide to the Project Management Body of Knowledge by Project Management Institute
To Completion Performance Index Notes:
It is important to monitor if the actual work performed is according to the plan/schedule and within the planned budget. The cost and schedule performance index determine the cost efficiency and the efficiency of the work performed respectively at a specific point in time. However, another performance indicator is also used to consider the remaining work. It is called to-completion performance index. To-completion performance index shows how efficiently the outstanding work will be performed using the remaining resources. To-completion performance index is the ratio of cost to finish the remaining work to the left budget. It is calculated as TCPI= (BAC - EV) / (BAC - AC).
Keep Learning with Project Management Notes
What is Resource Smoothing?
A project can need more resources than available. This means that the resources are limited for a particular project.Limited resources ...
What is Supply Support?
Different projects provide different deliverables to the customers. On the basis of that, the projects are divided into different types. ...
What is Schedule Control?
The tracking and reviewing of the performance of a project is important in order to compare the actual performance with ...
What is Functional Organization?
A functional organization structure is usually used by organizations whose major aim is to produce standard products and sell them. ...
What is Schedule Management?
Just as important it is to plan the project schedule, it is also important to implement, manage and control the ...
What are Time Management Skills?
A project manager must possess time management skills. A project is time specific. It involves a lot of tasks and ...
