GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When the project would be complete
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The feasibility of the project
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The risks in the project
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The cost performance required to meet certain objectives
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Detailed explanation-1: -The To Complete Performance Index (TCPI) is a comparative Earn Value Management (EVM) metric used primarily to determine if an independent estimate at completion is reasonable. It computes the future required cost efficiency needed to achieve a target Estimate at Completion (EAC).
Detailed explanation-2: -Remarks A TCPI value greater than 1 indicates a need for increased performance for the remaining work of the project in order to stay within budget (so you may need to give up some quality); less than 1 indicates performance can decrease to stay within budget, thus creating opportunities to increase quality or profit.
Detailed explanation-3: -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).