BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Extended Time Constraints
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Estimate to Completion
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Estimate to Compare
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Engage the Client
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Detailed explanation-1: -The Estimate To Complete (usually abbreviated ETC) is the cost performance index and project management measure that shows you the remaining cost you expect to pay in order to complete a project. Note that ETC isn’t the final overall expected project budget-this is called Estimate at Completion (EAC).
Detailed explanation-2: -Term Definition Estimated time to complete is a projection of the time and or effort required to complete a project activity. Estimated time to complete is a value that is expressed in hours of work required to complete a task or project.
Detailed explanation-3: -Estimate at completion (EAC) predicts total costs, while estimate to complete (ETC) predicts the money a project still needs. ETC is the forecast of all additional money required to complete a project. It does not account for money already spent.
Detailed explanation-4: -Estimated Time of Completion (ETC) Estimated Time of Completion is the time estimated for the activities relating to loading or unloading of goods to be completed. ETC is also called closing.