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TCPI Calculation and Formulas

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Questions and Answers

What does a negative CV indicate?

The project is underbudget

Higher cost than planned (correct)

Lower actual cost than budgeted

The project is ahead of schedule

What does CPI < 1 indicate?

The project is over budget or overrun (correct)

The project is progressing well against the schedule

The project is under budget

The project is on budget

What is the definition of SPI (Schedule Variance Index)?

Measure of current cost efficiency of the project

Difference between earned value and actual cost

Conformance of actual progress to planned progress (correct)

Amount of funds necessary to finish the project

If SPI > 1, what does it indicate?

The project is ahead of schedule Signup and view all the answers

What does ETC (Estimate to Complete) represent?

Amount of funds necessary to finish the project Signup and view all the answers

In TCPI < 1, what does it signify?

Efficiency required for future work to stay on budget Signup and view all the answers

If EV equals AC, what does it mean for the project budget?

The project is on budget Signup and view all the answers

What does a positive VAC value indicate?

The project is under budget Signup and view all the answers

What does a negative VAC value imply?

The project is over budget Signup and view all the answers

How does the VAC value influence budget accuracy?

The closer to zero, the higher the budget accuracy Signup and view all the answers

What does a TCPI value greater than 1 indicate?

Less funds and more work remaining Signup and view all the answers

What does TCPI = 1 signify for a project?

Just enough funds to complete the work Signup and view all the answers

How would you describe a project with TCPI < 1?

Under budget with more work remaining Signup and view all the answers

In what scenario would TCPI be exactly equal to 1?

Just enough funds to complete the work Signup and view all the answers

'To Complete Performance Index' (TCPI) primarily measures:

Planned vs. actual cost performance Signup and view all the answers

'Variance at Completion' (VAC) becoming close to zero indicates:

'Budget at Completion' (BAC) accuracy Signup and view all the answers

What does a VAC value higher than zero suggest for a project?

The project is right on track according to estimates. Signup and view all the answers