How To Calculate Estimate At Completion
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How To Calculate Estimate At Completion
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Calculating Estimate At Completion EAC Using 5 Different Formulas
Estimate at completion actual cost estimate to complete The project experienced an unexpected variable If the project factored in an unexpected expense then use the following formula Estimate at completion actual cost budget at completion The most basic estimate at completion formula requires simply adding your actual costs incurred so far to the estimate to complete. Your estimate to complete will be derived from your original budget forecast, with the remaining amount of time equating to the remaining spend. EAC = Actual costs (AC) + Estimate to complete
Download Estimate At Completion Eac Formula Gantt Chart Excel Template
How To Calculate Estimate At CompletionEstimate at Completion = Actual Cost + [(Budget at Completion - Earned Value) / (Cost Performance Index x Schedule Performance Index)] By using the above-mentioned formula: = $450,000 + [($1,075,000 - $375,000) / (0.9 x 0.8)] = $450,000 + [$700,000 / 0.72] = $450,000 + $972,222.23 = $1,422,222.23 The output of the estimation is the estimate to complete ETC which will then be inserted into the following formula EAC AC ETC Example 1 Calculated with an Estimate to Complete In this example the Estimate to Completion ETC amounts to 130 Thus the EAC is EAC AC ETC 120 130 250
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