A project manager is reviewing the financial status of a project. The Estimate at Completion (EAC) is $250,000, and the Actual Cost (AC) to date is $150,000. What is the Estimate to Complete (ETC) for this project?
$150,000
$250,000
$400,000
$100,000
The correct answer is $100,000. The Estimate to Complete (ETC) is calculated using the formula ETC = EAC - AC. In this case, ETC = $250,000 - $150,000 = $100,000. This represents the estimated additional cost required to complete the remaining work on the project. Understanding this calculation is essential for project managers to accurately forecast budget needs and make informed decisions about resource allocation for the remainder of the project.
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