What two numbers are needed to determine the total cost of your project based on both...
What two numbers are needed to determine the total cost of your project based on both the current project performance and the remaining work? (select the two best answers)
| A. |
EAC |
|
| B. |
AC |
|
| C. |
BAC |
|
| D. |
ETC |
Homework Answers
Estimate at Completion (EAC): The total cost of your project based on both the current project performance and the remaining work. The formula for the ECA is ECA= AC+ ETC. The EAC is the addition of two numbers, that is, AC and ETC.
As per the question, need to select two numbers. Hence option A is incorrect.
Budget at Completion: The total amount of budget required to complete the project which is estimated at the start of the project.
Hence option C is incorrect.
Actual Cost: The actual amount of money required to complete an activity or to acquire a product. It is one of the required numbers to determine the total cost of your project based on both the current project performance and the remaining work.
Hence option B is correct.
Estimate to complete: It is defined as the total cost of the project required to complete the remaining work from a given date. It is one of the required numbers to determine the total cost of your project based on both the current project performance and the remaining work.
Hence option C is correct.
Therefore, the two numbers are needed to determine the total cost of your project based on both the current project performance and the remaining work are AC and ETC.
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