Budget at Completion (BAC)Ĭost planned and approved for the project to complete its workĪmount of work performed by the time of calculating the TCPI To calculate TCPI, or to be able to answer TCPI questions on the PMP certification exam, it is important to know the inputs used in the formula. The PMI learning library includes the 2012 conference paper “ TCPI The Tower of Power” with this summary of the tool: “ TCPI is a calculated projection of cost performance that a project must achieve on the value of the remainder of the project work to achieve a specified end result.” To calculate TCPI, there are multiple project management terms and formulas to know. “How efficiently must we use our remaining resources (financial)?” What the TCPI formula, in PMP exam terms, is: Part of the value of TCPI is it can provide insight for projects headed to or in distress an insight that can help not just the project manager, but for all stakeholders but also the project team members, sponsors, and functional managers. The PMI®’s online lexicon provides this definition of TCPI: To-Complete Performance Index (TCPI)Ī measure of the cost performance that is 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. The To Complete Performance Index (TCPI PMP) tool connects to several other core project management processes including Actual Cost (AC), Budget At Completion (BAC), Earned Value (EV), and Estimate At Completion (EAC). To Complete Performance Index (TCPI) Defined
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