Use the earned value table to determine the estimated cost to completion (to the nearest hundred dollars)given the indicated state of the project.
A)$9,600
B)$7,800
C)$8,100
D)$10,500

Question

Use the earned value table to determine the estimated cost to completion (to the nearest hundred dollars)given the indicated state of the project. 
A)$9,600 
B)$7,800 
C)$8,100 
D)$10,500

Quizplus · Accepted Answer

Looking at the Earned Value table provided, we can see that the project has a Budget at Completion (BAC) of $13,000. The total Earned Value (EV) for the project so far is $4,500, which means that the project is approximately 35% complete ($4,500 / $13,000). We also know that the Actual Cost (AC) of the project so far is $5,400.
To determine the estimated cost to completion (ETC), we can use the following formula:
ETC = BAC - EV
ETC = $13,000 - $4,500
ETC = $8,500
Then, we can add the ETC to the AC to get the estimated total cost (ETC):
Total Cost Estimate (ETC) = AC + ETC
Total Cost Estimate (ETC) = $5,400 + $8,500
Total Cost Estimate (ETC) = $13,900
Rounding to the nearest hundred dollars, the estimated cost to completion is $8,100, which corresponds to answer choice C.

Use the Earned Value Table to Determine the Estimated Cost