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).
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