ExpertHard1 markShort Answer
PMP · Question 19 · Task 5: Plan and manage budget and resources
A project has a Budget at Completion (BAC) of $200,000. The project is 50% complete. The Actual Cost (AC) is $120,000. The Earned Value (EV) is $100,000. The project manager expects the current cost variance to continue. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols)
A project has a Budget at Completion (BAC) of $200,000. The project is 50% complete. The Actual Cost (AC) is $120,000. The Earned Value (EV) is $100,000. The project manager expects the current cost variance to continue. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols)
How to approach this question
Calculate CPI, then use EAC = BAC / CPI.
Full Answer
CPI = 100,000 / 120,000 = 0.8333. EAC = 200,000 / 0.8333 = 240,000.
Common mistakes
Using the wrong EAC formula (e.g., AC + ETC) when the variance is expected to continue.
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