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Estimate at completion (EAC) is the total expected cost to complete a project or activity. It is typically used to estimate the cost of a project that is over or under budget. Its standard calculation is often given as:The standard calculation of Estimate to Complete is based on Estimate At Completion, meaning that the standard formulas are circular and therefore somewhat meaningless. In practice, methods for calculating Estimate At Completion depend upon the confidence you have in baseline estimates.For a project that is significantly off budget, it is common to develop new estimates for remaining work to calculate Estimate At Completion:
EAC = new estimates for remaining work + actual costFor a project that is close to budget you might use the original cost baseline adjusted by any current or anticipated cost variance. |
Type | | Definition | The total expected cost to complete a project or activity. | Related Concepts | |
Project Management
This is the complete list of articles we have written about project management.
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A list of common project risks.
A list of basic project management techniques.
A definition of workaround with examples.
A list of project branding techniques.
An overview of project stakeholder management with examples.
A definition of action plan with examples.
The primary types of cost overrun.
The definition of document control with examples.
A guide to project oversight.
A definition of design driven development with examples.
A list of common project risks.
A list of common project stakeholders.
A list of common business risks.
The difference between a risk and an issue.
The five things that can be done about risk.
The definition of secondary risk with examples.
A guide to creating a risk register with an example.
A definition of risk perception with examples.
The common types of implementation.
A reasonably complete guide to project risk management.
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