Performance + EVM

Question 1

TCPI: To Complete Performance Index

Answer 1

The efficiency that must be maintained in order to complete the project as planned
TCPI= (BAC - EV)/(BAC - AC)
* TCPI>0 Harder to complete as planned need to improve efficiency
* Could be over budget or behind schedule at current performance
* TCPI<0 Easier to complete as planned

Question 2

VAC: Variance At COmpletion

Answer 2

• VAC = BAC - EAC
• VAC>0 ; Under budget
• VAC<0 Over budget
• VAC= On budget

Question 3

ETC: Estimate To COmplete

Answer 3

Expected cost to complete all remaining work from curent point in time
* Remaining cost of project
* ETC = EAC-AC
* Current performance(EAC) - of actual costs so far

Question 4

Performance Index cost sched
CPI
SPI

Answer 4

CPI: EV/AC
SPI: EV/PV

Question 5

Variance Sched and Cost

Answer 5

CV = EV - AC

SV = EV - PV