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The video addresses some of the Frequently asked questions related to Estimate at Completion (EAC) from Earn value concept.
For instance, you are executing a project which is still undergoing, and you have a defined duration and an identified baseline budget (budget at completion). There comes the point when you analyze your performance, you think can it be possible to complete the project in the previous budget and if not what should be the revised budget (this revised budget is the estimate at completion)? How much money is required to complete this project?
The term used for the required money is ‘estimate to complete.’
EAC= AC (Actual Cost) +ETC (Estimate to complete)
How can you calculate how much more money one needs to complete this project?
What are the three ways to calculate this EAC? And why do we need three ways and not one formula?
What are Atypical variants?
Find answers to these and more interesting questions related to EAC. This is an important topic from PMP® exam point of view.
Do drop your feedback and recommendations for the webinar topics in the comment box.
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The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
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Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.