Estimate At Completion

From PEaM

Estimate At Completion (EAC):

1. Actual direct costs, plus indirect costs allocatable to the contract, plus the estimate of costs (direct and indirect) for authorized work remaining.^[1]
2. The expected total cost of a schedule activity, a Work Breakdown Structure component, or the project when the defined scope of work will be completed. The Estimate At Completion may be calculated based on performance to date or estimated by the project team based on other factors, in which case it is often referred to as the latest revised estimate.^[2]

Formulas

(using Budget At Completion and Cost Performance Index)

(using Actual Cost and Estimate To Complete)

(using Actual Cost, Budget At Completion and Earned Value)

See also

• Earned value technique (EVT)
• Estimate To Complete (ETC)

References

1. ↑ DAU
2. ↑ Project Management Institute (2008). A Guide to The Project Management Body of Knowledge, 4th, Project Management Institute.

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This article contains text from the Project Management Institute PM Body of Knowledge which is copyright all rights reserved by Project Management Institute, Inc. (PMI). Project Management Body of Knowledge is a registered trademark of PMI