Definition:
Cost Performance Index at Completion (CPIC) represents the projected efficiency of cost performance at project completion. It measures the ratio of the earned value (EV) to the actual cost (AC) at completion. A CPIC greater than 1 indicates favorable cost performance, while a value less than 1 suggests unfavorable performance. CPIC helps in assessing the overall efficiency of cost performance.
Calculation: CPIC = EV / AC
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