BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It is calculated by subtracting the BCWS from the actual cost. It refers to the estimated costs at completion or EAC is the expected total costs for the project.

Detailed explanation-2: -EAC = BAC / CPI: This is the most recommended calculation when the project is in progress without interference. To check the EAC, divide the BAC by the Cost Performance Index (CPI). EAC = AC + BAC – EV / CPI x SPI: This is the formula used when schedule delays and expenses increase.

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: -Frequently this range is based on these two equations: the first is the EAC CPI which uses the cumulative CPI as a single performance factor and the second is the EAC composite which uses the cumulative CPI times the cumulative SPI as the performance factor.

Detailed explanation-5: -Estimate at Completion (EAC) is the current expectation of total cost at the end of a project. The EAC represents the final project cost given the costs incurred to date and the expected costs to complete the project.