17 Questions
What does a negative CV indicate?
Higher cost than planned
What does CPI < 1 indicate?
The project is over budget or overrun
What is the definition of SPI (Schedule Variance Index)?
Conformance of actual progress to planned progress
If SPI > 1, what does it indicate?
The project is ahead of schedule
What does ETC (Estimate to Complete) represent?
Amount of funds necessary to finish the project
In TCPI < 1, what does it signify?
Efficiency required for future work to stay on budget
If EV equals AC, what does it mean for the project budget?
The project is on budget
What does a positive VAC value indicate?
The project is under budget
What does a negative VAC value imply?
The project is over budget
How does the VAC value influence budget accuracy?
The closer to zero, the higher the budget accuracy
What does a TCPI value greater than 1 indicate?
Less funds and more work remaining
What does TCPI = 1 signify for a project?
Just enough funds to complete the work
How would you describe a project with TCPI < 1?
Under budget with more work remaining
In what scenario would TCPI be exactly equal to 1?
Just enough funds to complete the work
'To Complete Performance Index' (TCPI) primarily measures:
Planned vs. actual cost performance
'Variance at Completion' (VAC) becoming close to zero indicates:
'Budget at Completion' (BAC) accuracy
What does a VAC value higher than zero suggest for a project?
The project is right on track according to estimates.
This quiz covers the calculation of TCPI (To-Complete Performance Index) in project management, including understanding the numerator and denominator components, as well as the related formulas. Test your knowledge on how to calculate TCPI and interpret the results.
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