• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Project Management Knowledge

Simply explained by a PMI-certified Project Manager

  • Home
  • Acronyms and Abbreviations
  • Definitions
  • About the Author
  • Deutsch
  • Show Search
Hide Search
You are here: Home / Definitions / T / To-Complete Performance Index

To-Complete Performance Index

The To-Complete Performance Index (TCPI) is a tool in project management that is used to measure the cost performance required needed to be achieved using the remaining resources to meet a specific project management goal. In a nutshell, it is also expressed as a ratio of the cost to finish work to the remaining budget.

It is the calculated cost performance index achieved on the remainder of the work to meet a specific goal in project management like Estimate At Completion (EAC) or Budget At Completion (BAC).  As one of the forecasting tools used in Control Costs, it assists the project managers when it comes to calculating the future cost performance of the project.

Simply put, this particular forecasting tool is the estimate of the organization’s future cost performance that needs to be completed within an approved and specified budget. The budget may be the initial approved budget (BAC) or the newly calculated one (EAC). Thus the TCPI is calculated by dividing Remaining Work with the Remaining Funds (TCPI = Remaining Work / Remaining Funds).  You can determine the remaining funds even if you are over or under the budget.

This term is defined in the 5th edition of the PMBOK.

Related Articles:

 
  • Key Performance Indicator (KPI)  Key Performance Indicators (KPI) are often referred to in the world of consultants, sometimes they are used as typical buzzwords...
  •  
  • To-Complete Performance Index  The To-Complete Performance Index (TCPI) is a tool in project management that is used to measure the cost performance required...
  •  
  • Estimate to Complete  The estimate to complete is an input output mechanism that is used to determine y the project team and the...
  •  
  • Cost Performance Index  The cost performance index, also referred to by the abbreviation (CPI), refers specifically to a method, chart, or other instrument...
  •  
  • Schedule Performance Index  The Schedule Performance Index is a measure of project efficiency given by Project Management to gauge the progress and efficiency....
  • Primary Sidebar

    Dear Visitor, I am a PMP (Project Management Professional), certified by the Project Management Institute since 2004. I have been managing dozens of projects, small and huge, successful and unsuccessful. This site is supposed to help you learn the required vocabulary of the project management world. Please feel free to check my certification status or to learn more about me.

    Copyright © 2021

    • Privacy Policy