5 Forecasts KPIs
Forecasting KPIs provide a forward-looking perspective, enabling project managers to anticipate future challenges and opportunities. By monitoring these metrics, project managers can predict project trajectories, make informed decisions, and proactively manage risks and resources. They play a crucial role in strategic planning and ensuring the project’s long-term success and adaptability.
Estimate At Completion (EAC) is a forecast of the most likely total project cost based on the project's performance and risk quantification.
Estimate To Complete (ETC) provides an estimate of the remaining costs to complete the project.
This KPI predicts when the project will be completed based on current performance rates.
To-Complete Performance Index (TCPI) is a measure of the cost performance required to meet a specified management goal or Budget at Completion (BAC).
Variance At Completion (VAC) is the projected cost variance at project completion.