ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The To-Complete Performance Index (TCPI) is used to determine?

A	When the project would be complete
B	The feasibility of the project
C	The risks in the project
D	The cost performance required to meet certain objectives

Explanation:

Detailed explanation-1: -To-complete performance index (TCPI) is a calculated forecast of the cost performance index (CPI), which shows the work needed to be completed for a project to be delivered successfully. It’s an Earned Value Management (EVM) forecasting capability. TCPI PMP results may be: The existing budget at completion (BAC)

Detailed explanation-2: -To Complete Performance Index (TCPI) Formula. You can calculate the TCPI by dividing the remaining work by the remaining funds. You can calculate the remaining work by subtracting the Earned Value from the total budget. = (BAC – EV).

Detailed explanation-3: -The Cost Performance Index (CPI) is a method for calculating the cost efficiency and financial effectiveness of a specific project through the following formula: CPI = earned value (EV) / actual cost (AC). A CPI ratio with a value higher than 1 indicates that a project is performing well budget-wise.

There is 1 question to complete.