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.
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.
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.
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
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
Earned value analysis (EVA). Earned value analysis compares the performance measurement baseline to the actual schedule and cost performance.
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