ExpertHard1 markShort Answer
Task 5: Plan and manage budget and resourcesearned value managementTCPIperformance indexcost forecasting
PMP · Question 79 · Task 5: Plan and manage budget and resources
A project has the following earned value data at the end of month 6:<br/>- Budget at Completion (BAC): $900,000<br/>- Earned Value (EV): $450,000<br/>- Actual Cost (AC): $500,000<br/>- Planned Value (PV): $480,000<br/><br/>Calculate the To Complete Performance Index (TCPI) based on the Budget at Completion. Round to two decimal places and enter numbers only (e.g., 1.11).
A project has the following earned value data at the end of month 6:<br/>- Budget at Completion (BAC): $900,000<br/>- Earned Value (EV): $450,000<br/>- Actual Cost (AC): $500,000<br/>- Planned Value (PV): $480,000<br/><br/>Calculate the To Complete Performance Index (TCPI) based on the Budget at Completion. Round to two decimal places and enter numbers only (e.g., 1.11).
How to approach this question
Calculate TCPI using the formula: TCPI = (BAC - EV) / (BAC - AC). Subtract EV from BAC for remaining work, subtract AC from BAC for remaining budget, then divide.
Full Answer
1.11
To Complete Performance Index (TCPI) indicates the cost performance efficiency required for remaining work to meet the budget. A TCPI of 1.11 means the project must perform 11% better than planned for remaining work.
Common mistakes
Students sometimes confuse TCPI formulas or make calculation errors when determining remaining work and remaining budget values.
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