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.
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)- A92% (57)
- B2% (1)
- C2% (1)
- D5% (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.
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.
Variance At Completion (VAC) is the difference between the Budget At Completion (BAC) and the Estimate At Completion (EAC).
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.
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
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