Estimate At Completion
Expected total cost of an activity, group of activities, or total project when the work is complete. Forecast of total project costs based on project performance to date. PMBOK provides three methods of calculating EAC; EAC = ACWP + ETC; BAC CPI; and ACWP + BCWS. Also called forecast at completion or latest revised estimate. See also earned value and estimate to complete.
Estimate At Completion
Expected total cost of an activity, group of activities, or total project when the work is complete. Forecast of total project costs based on project performance to date. PMBOK provides three methods of calculating EAC; EAC = ACWP + ETC; BAC CPI; and ACWP + BCWS. Also called forecast at completion or latest revised estimate. See also earned value and estimate to complete.
