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PK0-003 · Question #132

The project has an AC of $5,000. Which of the following would be used to determine the budget needed to complete the project?

The correct answer is A. ETC. To determine the budget needed to complete the remaining work of a project, the Estimate to Complete (ETC) is used, which calculates the anticipated cost from the current point forward.

Project management concepts

Question

The project has an AC of $5,000. Which of the following would be used to determine the budget needed to complete the project?

Options

  • AETC
  • BPV
  • CBAC
  • DEAC

How the community answered

(24 responses)
  • A
    88% (21)
  • B
    4% (1)
  • C
    8% (2)

Why each option

To determine the budget needed to complete the remaining work of a project, the Estimate to Complete (ETC) is used, which calculates the anticipated cost from the current point forward.

AETCCorrect

ETC (Estimate To Complete) is the projected cost required to finish all the remaining work of the project. Given the Actual Cost (AC) of $5,000, ETC is specifically used to calculate how much more money is needed from this point to reach project completion.

BPV

PV (Planned Value) is the authorized budget assigned to the work scheduled to be completed by a given date, not the budget needed for future work.

CBAC

BAC (Budget At Completion) is the total planned budget for the project, representing the total cost if everything goes according to plan.

DEAC

EAC (Estimate At Completion) is the projected total cost of the project at completion, which is calculated as AC + ETC, not just the remaining budget itself.

Concept tested: Earned Value Management - ETC

Topics

#Earned Value Management (EVM)#ETC (Estimate To Complete)#Project cost

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