BUISENESS MANAGEMENT
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: -ETC is an abbreviation of “Estimated Time to Complete” and gives the project manager an indication of when the individual assignments on a project are projected to be finalised by the project members.