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.
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)- A88% (21)
- B4% (1)
- C8% (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.
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.
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.
BAC (Budget At Completion) is the total planned budget for the project, representing the total cost if everything goes according to plan.
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
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