To me this Question and its answer given in the Izenbridge. com is not clear. I have picked up this Q from Mock Test(Q No.80).
You are managing a project which is estimated to cost $ 300,000 with a timeline of 10 months. Due to some reasons schedule was slightly delayed and the net result was that there was some additional cost in the project. At the end of the third month, you review the project and find that the project is 30% complete and Actual Costs are $ 50,000. The Estimate to complete (ETC) for the project would now be:
Answer – B
Now my Question is why i should not calculate EAC in this case and then calculate ETC. In that case answer becomes different than the answer given above. Can anybody explain me the same. Looking forward Joydip
Work remaining=ETC= 300000-(0.30 *300000)=210,000
If we had known by how much amount cost has increased then may be we would have found EAC since BAC would be changed . But yes question takes us there and then leaves by just asking us amount remaining work which Estimate to Complete.
This is just my understanding. Experts please correct if wrong.
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