ExpertHard1 markShort Answer
PMP · Question 06 · Task 5: Plan and manage budget and resources
A project has a Budget at Completion (BAC) of $100,000. The project is currently 40% complete. The Actual Cost (AC) is $45,000 and the Earned Value (EV) is $40,000. The project manager expects the current cost variance to be typical for the remainder of the project. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols or commas).
A project has a Budget at Completion (BAC) of $100,000. The project is currently 40% complete. The Actual Cost (AC) is $45,000 and the Earned Value (EV) is $40,000. The project manager expects the current cost variance to be typical for the remainder of the project. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols or commas).
How to approach this question
Calculate CPI first, then use the formula EAC = BAC / CPI.
Full Answer
112500
CPI = 40,000 / 45,000 = 0.8888... <br/>EAC = 100,000 / 0.8888... = 112,500.
Common mistakes
Using the wrong EAC formula (e.g., AC + ETC) when the prompt specifies 'current variances are typical'.
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