The Estimate to Complete (ETC) for a project is calculated by subtracting the Actual Cost (AC) from the Estimate at Completion (EAC).
False
True
The statement is true. The Estimate to Complete (ETC) is indeed calculated by subtracting the Actual Cost (AC) from the Estimate at Completion (EAC). This is represented by the formula ETC = EAC - AC. ETC represents the expected cost of the remaining work in the project. EAC is the total expected cost of the project at completion, while AC is the actual cost incurred so far. By subtracting AC from EAC, we get the estimated cost of the work that still needs to be done to complete the project.
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