***Math Ques on EAC -- Need Help ***
I want to know for the EAC ( Estimate At Completion) , which formala can be used at what time ?
a) EAC = AC + ( BAC - EV )
b) EAC = BAC / CPI
Ideally , both the formula should give the same or appr same answer but that is not the case.
Here is example :-
Question: As a project manager, you are required to produce project performance reports on a regular basis, your project`s Budget at Completion is $750,000, planned value is $100,000, schedule variance is $30,000, and cost variance is $50,000. What is the percentage complete and estimate at completion in your project?