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Exam CAPM topic 1 question 4 discussion

Actual exam question from PMI's CAPM
Question #: 4
Topic #: 1
[All CAPM Questions]

What should a project manager use to determine how much money is needed to complete a project?

  • A. Earned value management (EVM)
  • B. Estimate at completion (EAC)
  • C. Earned value analysis (EVA)
  • D. Budget at completion (BAC)
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Suggested Answer: C 🗳️

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UCAEDU
Highly Voted 2 years, 1 month ago
Estimate at Completion (EAC). The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
upvoted 13 times
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emilianogalati
Most Recent 2 months, 1 week ago
Selected Answer: B
EAC: see figure 7, pag. 264 PMBOK6
upvoted 1 times
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celticsun
8 months, 1 week ago
Not sure about this answer, was thinking about EAC. Why is it C?
upvoted 1 times
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shubu2276
9 months, 3 weeks ago
Selected Answer: B
B. Estimate at completion (EAC) To determine how much money is needed to complete a project, a project manager should use the "Estimate at Completion (EAC)." EAC is a forecasting technique that provides an estimate of the total cost of completing the project based on the project's performance up to a certain point. It considers the actual costs incurred, work performed, and any variances from the original budget.
upvoted 1 times
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lifelong_learner
1 year ago
why it's not the answer A?
upvoted 1 times
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Assad1981
1 year, 1 month ago
The option B is more relevant
upvoted 1 times
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garlicbread
1 year, 3 months ago
Selected Answer: B
Estimate at Completion (EAC). The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
upvoted 1 times
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JC92
1 year, 6 months ago
Selected Answer: C
I believe the thing to focus on for this question is the fact that Earned Value Analysis encompasses EAC as well as BAC making this the best answer.
upvoted 4 times
koryryan
1 year, 4 months ago
I thought B, thanks for the clarification.
upvoted 1 times
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AyandaCAPM
1 year, 6 months ago
Selected Answer: C
Earned Value Analysis (EVA) is an industry standard method of measuring a project's progress at any given point in time, forecasting its completion date and final cost, and analyzing variances in the schedule and budget as the project proceeds Estimate at Completion is the current expectation of the total costs of a project once completed
upvoted 2 times
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bob523523
1 year, 7 months ago
B. Estimate at completion (EAC)
upvoted 1 times
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anfacer
1 year, 11 months ago
The money needed to complete a project is given by ETC. EAC is the total expected money at the end of project. ETC is one of the possible parameters of EVA analisys. As ETC is not there then EVA is the most correct
upvoted 2 times
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meg002
1 year, 11 months ago
Correct Answer is B
upvoted 1 times
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UCAEDU
2 years, 1 month ago
Earned value analysis (EVA). Earned value analysis compares the performance measurement baseline to the actual schedule and cost performance.
upvoted 2 times
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A (35%)
C (25%)
B (20%)
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