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The Standard for Earned Value Management
book

The Standard for Earned Value Management

by Project Management Institute
December 2019
Intermediate to advanced content levelIntermediate to advanced
150 pages
5h 48m
English
Project Management Institute
Content preview from The Standard for Earned Value Management
86 Section 4
 Estimate at completion (EAC). EAC is the expected total cost or time of a control account, work package, or
project when the defined scope of work will be completed.
The equation for EAC is the current cost or time spent plus the estimate to complete (ETC):
EAC
c
= AC + ETC
c
EAC
t
= AT + ETC
t
When the independent estimate is used for ETC, then EAC is often referred to as an independent estimate at
completion (IEAC).
Different approaches to estimate the cost and time remaining can be used.
 Variance at completion (VAC). The VAC is the variance between the forecasted trend and the baseline for cost
and schedule, and it can be ...
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Publisher Resources

ISBN: 9781628256390