Formula Dump Tip

Hi, I wanted to share how I quickly learned a formula dump to remember estimate at completion and estimate to complete and an easy way to understand when to use one or the other with the given information.


·         FIRST write down EAC four times


·         Then write down ETC three times


·         With smaller letters..spell out RATS and RAT


·         Practice memorizing the order of formulas many times


·         Practice writing it down more


·         Then understand why we use one or the other


EACR                    AC+ETC                                                                            Flawed estimate the “R” means Rebase line


EACA                    AC+ (BAC-EV)                                                                   Atypical” estimate at budgeted rate


EACT                    BAC/CPI                                                              Typical” no variances in future


EACS                    AC+ ((BAC-EV)/ (CPI*SPI))                             meet “Schedule” or deadline             


ETCR                     EAC-AC                                                           Recommended” when no other info is given    


ETCA                    BAC-EV                                                               Atypical” variances detected


ETCT                     (BAC-EV)/CPI                                                    Typical” assuming no variances in future


 


 

Thanks for the tip.

This is great.  It will help me!

admin's picture

Good tip

 Thank you. Any more easy solutions to mug the PMP?