TPM is an evolutionary program management tool which builds on the two traditional strengths of Earned Value management (cost and schedule performance indicators) by adding an elusive third dimension - the status of technical achievement. By combining cost, schedule and technical progress into one comprehensive management tool, program managers are able to assess the progress of their entire program.
To learn more about the origins of TPM, click here for CDR Nick Pisano's summary entitled "Technical Performance Measurement, Earned Value, and Risk Management: An Integrated Diagnostic Tool for Program Management."
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What is Technical Performance Measurement?