A project was budgeted at $106915. The project is now being executed. The following figures have...
A project was budgeted at $106915. The project is now being executed. The following figures have been determined:
PV:$36282
EV:$62637
AC:$50020
Assume that the cost variance was caused by the purchase of computer hardware last month, but that you do not expect any more variances from your original spending plan going forward. To the nearest dollar, what estimate at completion (EAC) do you predict?
Homework Answers
EAC or estimate At completion can be calculated by dividing budget at completion by CPI
EAC = BAC/CPI
Budget at Completion = $ 106915
CPI = EV/AC = 62637/50020 = 1.252239
So, EAC = 106915/1.252239 = $85379.06 ~$85379 is the estimate at completion.
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