Wow this made understanding these formulas SO much easier, they seemed like they were a different language before you made them make sense and flow together and relate to each other. Thank you so much!!
Students may have confusion in TCPI Formula and the calculation in the video. There are two common formulas for TCPI based on whether you are calculating it using the Budget at Completion (BAC) or a revised estimate (EAC). i.e TCPI based on BAC and TCPI based on EAC. 1. TCPI Based on BAC (Budget at Completion): This formula is used when you want to calculate how efficiently the remaining work needs to be completed within the original budget. TCPI based on BAC is equal to BAC-EV divided by BAC-AC BAC: Budget at Completion (the original total budget for the project) EV: Earned Value (the value of work actually completed) AC: Actual Cost (the total cost incurred so far) 2. TCPI Based on EAC (Estimate at Completion): This formula is used when you are working with a revised budget (EAC), and you want to calculate the efficiency needed to finish the project within this new estimate. TCPI based on EAC= BAC-EV divided by EAC -AC EAC: Estimate at Completion (the revised total budget for the project) Interpretation: TCPI > 1: Indicates that greater efficiency is required to complete the project within the budget. TCPI = 1: Means the current performance must be maintained to complete the project on budget. TCPI < 1: Suggests the project can be completed with less effort than currently being applied, indicating favorable conditions. TCPI helps project managers identify whether the project team needs to improve performance to meet budget targets.
Andrew, your videos are awesome and very helpful. I struggle immensely with math and would truly appreciate practice questions on this topic. I would like to ensure that I have this fully down before I take my exam as always thanks for your help and I look forward to chatting with you on Tuesday evening during your live session as I have some questions on the procurement contracts and when to use them.
My way of memorizing EAC, ETC and VAC is actually fully name it, i.e. I don't read EAC but Estimated at completion, and from there apply the logic/concept. It also helps me with the others
Hi Andrew, love the video! Thank you!! In trying to memorize the last 4 formulas, I was able to get one so far: ETC = EAC - AC (Eating The Cake, Earns Added Calories, regardLESS how often Andrew Complains) 😂
Hi Andrew, is there any way to give this video 1000000000000000 like? please LMK if you know how to do it! Sir, I acknowledge that thank you is not enough! but really thank you for everything you do for the PMs, I appreciate your efforts!
Hello Andrew, I have a question regarding CAPM exam scope. So basically I applied to the course on the PMI at the very beginning of this year and due to the work, I did not had that much time to finish it earlier and recently I noticed that There has been changes on the scope of the exam. Business analysis is fine but could you tell me which publish version of the book will be used in my exam ? By the way I am planning to take the exam in a month. Lastly, Thanks for this great video. We appreciate your sincere work.
Andrew! Is your live Pmp class live with you or pre- recorded? I do have your book and I am approved to take the exam but I really need some accountability ❤
Andrew, I am watching the video now, awesome, one of the things that confuses me is that sometimes positive is good and sometimes positive is bad example I’m watching the TCPI section now and positive is bad and negative is good. Do you have a trick for remembering when negative is good since it seems the majority are positive is good?
Hi Andrew , many equations for EAC, you mentioned here only one equation, so should i focus on this equation and ignore the others ( the other will not come in the PMP EXAM) plz?
Andrew, I just found a major major typo on this!! On your earned value management slide where you have all the formulas and you explain them the formula for TCPI is incorrect. I was getting wrong answers and I couldn’t figure it out and went back to page 381 of your book and the formula for TCPI is different there than it is in your presentation. Please check.
Andrew, I just passed my PMP Exam! I took your TIA 35 hour course and read your book. Thank you for passing on so much value to the PMP community!!!
congratulations and celebrate well 🍺
I took your online TIA 35 Hr class and got your book. Today I passed my PMP Exam, Thank you Andrew!
Wow this made understanding these formulas SO much easier, they seemed like they were a different language before you made them make sense and flow together and relate to each other. Thank you so much!!
Thank you for this compilation. I've been putting this topic off for so long and you've finally explained it clearly.
Students may have confusion in TCPI Formula and the calculation in the video.
There are two common formulas for TCPI based on whether you are calculating it using the Budget at Completion (BAC) or a revised estimate (EAC).
i.e TCPI based on BAC and TCPI based on EAC.
1. TCPI Based on BAC (Budget at Completion):
This formula is used when you want to calculate how efficiently the remaining work needs to be completed within the original budget.
TCPI based on BAC is equal to BAC-EV divided by BAC-AC
BAC: Budget at Completion (the original total budget for the project)
EV: Earned Value (the value of work actually completed)
AC: Actual Cost (the total cost incurred so far)
2. TCPI Based on EAC (Estimate at Completion):
This formula is used when you are working with a revised budget (EAC), and you want to calculate the efficiency needed to finish the project within this new estimate.
TCPI based on EAC= BAC-EV divided by EAC -AC
EAC: Estimate at Completion (the revised total budget for the project)
Interpretation:
TCPI > 1: Indicates that greater efficiency is required to complete the project within the budget.
TCPI = 1: Means the current performance must be maintained to complete the project on budget.
TCPI < 1: Suggests the project can be completed with less effort than currently being applied, indicating favorable conditions.
TCPI helps project managers identify whether the project team needs to improve performance to meet budget targets.
Hello andrew. I just passed the PMP exam last week. AT in all domains.
Thanks for your videos and lectures.
This is so helpful! I have been struggling to remember these formulas and you made me truly understand how they work! Thank you
This is the first long format CAPM video I didn't fall asleep. Thank you sm! Great content.
Thank you so much, Mr Andrew, for the clear explanation and helpful tips!
thank you so much for this video. my exam is in 2 weeks. I'm definitely coming back as PMP CERTIFIED
Hello Andrew, I cleared my PMP today. Thank you so much for the udemy course.
this is exactly what I plan for today to master! Thank you, Andrew!
This is super helpful, thank you Andrew!
Thank you very much Andrew for the nice explanation & trics !!
great video !! going for my PMP exam in december.. im starting to study and listen to you
Thanks!
Andrew, your videos are awesome and very helpful. I struggle immensely with math and would truly appreciate practice questions on this topic. I would like to ensure that I have this fully down before I take my exam as always thanks for your help and I look forward to chatting with you on Tuesday evening during your live session as I have some questions on the procurement contracts and when to use them.
Thank you so much for this video. Everything looks easy now😍
Great video 🎉
Gonna be makin' those dallah' dallah' bills y'all, after I pass my PMP exam!
My way of memorizing EAC, ETC and VAC is actually fully name it, i.e. I don't read EAC but Estimated at completion, and from there apply the logic/concept. It also helps me with the others
Thankyou! Been waiting for this
Reall Good Lecture
Thank you Andrew, I have saved this video.
Great content
Hi Andrew, love the video! Thank you!!
In trying to memorize the last 4 formulas, I was able to get one so far:
ETC = EAC - AC (Eating The Cake, Earns Added Calories, regardLESS how often Andrew Complains) 😂
Hi Andrew, is there any way to give this video 1000000000000000 like? please LMK if you know how to do it!
Sir, I acknowledge that thank you is not enough! but really thank you for everything you do for the PMs, I appreciate your efforts!
Hello Andrew, I have a question regarding CAPM exam scope.
So basically I applied to the course on the PMI at the very beginning of this year and due to the work, I did not had that much time to finish it earlier and recently I noticed that There has been changes on the scope of the exam. Business analysis is fine but could you tell me which publish version of the book will be used in my exam ? By the way I am planning to take the exam in a month.
Lastly, Thanks for this great video. We appreciate your sincere work.
Thank You Andrew!
Joining the community soon
Something's wrong with the formula for TCPI shown at 14.43 and then discussed in detail at 40.36...is it EAC- AC or BAC - AC in the denominator?
Andrew! Is your live Pmp class live with you or pre- recorded? I do have your book and I am approved to take the exam but I really need some accountability ❤
Andrew, I am watching the video now, awesome, one of the things that confuses me is that sometimes positive is good and sometimes positive is bad example I’m watching the TCPI section now and positive is bad and negative is good. Do you have a trick for remembering when negative is good since it seems the majority are positive is good?
Thanks 🎉
Hi Andrew , many equations for EAC, you mentioned here only one equation, so should i focus on this equation and ignore the others ( the other will not come in the PMP EXAM) plz?
Andrew, I was looking for "SAFe® 6.0 training" material by Andrew Ramdayal.. didnt find any ! Do you also provide training for SAFe® 6.0 training ?
Thank you so much
Thank you for this !!!
Hi Andrew, I just saw a question where the answer was derived from EAC=AC+(BAC−EV) this formula. Do you think it will be on the exam?
Andrew, I just found a major major typo on this!! On your earned value management slide where you have all the formulas and you explain them the formula for TCPI is incorrect. I was getting wrong answers and I couldn’t figure it out and went back to page 381 of your book and the formula for TCPI is different there than it is in your presentation. Please check.
Appreciate the effort but your hand writting is just horrible, I wish you could use the Khan Academy style for sharing notes. Just a thought!
Hi I passed the exam last week..with the help of your course in udemy. It would be great if you like my LinkedIn post.
Thank you