The metric that provides an estimate of the most likely total or final cost of the project based on the project's performance and any risks that should be considered is the:
A) Planned Value (PV)
B) Budget At Completion (BAC)
C) Actual Cost (AC)
D) Expected Time Complete (ETC)
E) Estimate at Completion (EAC)

Question

Quizplus · Accepted Answer

The Estimate at Completion (EAC) provides an estimate of the expected total cost of the project based on its performance and any risks that should be considered. It is calculated by taking the actual cost of the work performed to date, adding the estimated cost of completing the remaining work, and factoring in any changes in project scope or conditions that may affect the cost of the project. The EAC is a key metric for project managers to monitor and control project costs.

The Metric That Provides an Estimate of the Most Likely