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PK0-003 · Question #220

Which of the following is the budget amount needed to finish a project?

The correct answer is A. ETC. The budget amount needed to finish a project from a given point in time is referred to as Estimate To Complete (ETC). This metric projects the future cost required to conclude the remaining work of the project.

Project management concepts

Question

Which of the following is the budget amount needed to finish a project?

Options

  • AETC
  • BVAC
  • CEAC
  • DBAC

How the community answered

(62 responses)
  • A
    92% (57)
  • B
    2% (1)
  • C
    2% (1)
  • D
    5% (3)

Why each option

The budget amount needed to finish a project from a given point in time is referred to as Estimate To Complete (ETC). This metric projects the future cost required to conclude the remaining work of the project.

AETCCorrect

Estimate To Complete (ETC) is the projected cost needed to complete all the remaining work of a project from a specific point. It represents the budgeted cost for the outstanding work that needs to be done.

BVAC

Variance At Completion (VAC) is the difference between the Budget At Completion (BAC) and the Estimate At Completion (EAC).

CEAC

Estimate At Completion (EAC) is the projected total cost of the project at its completion, including both actual costs incurred to date and the estimated costs for remaining work.

DBAC

Budget At Completion (BAC) is the total planned value for the entire project.

Concept tested: Earned Value Management - ETC

Source: https://www.pmi.org/pmbok-guide-standards/foundational/glossary

Topics

#EVM#ETC#cost management#budget

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