A project has incurred an Actual Cost (AC) of $350,000 to date and the Estimate at Completion (EAC) is currently forecast to be $900,000. Based on earned-value formulas, what is the project's Estimate to Complete (ETC)?
$550,000
$1,250,000
$250,000
$900,000
ETC represents the expected cost of the remaining work. The earned-value identity is:
EAC = AC + ETC ⇒ ETC = EAC - AC
Substituting the given values:
ETC = $900,000 - $350,000 = $550,000.
Therefore $550,000 is the correct estimate of the cost required to finish the project. The other choices result from common misunderstandings:
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