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Estimate to complete (ETC) is the expected cost required to finish remaining project work. It can be measured at a given point in time for a project or activity.Standard CalculationThe standard calculation for Estimate To Complete is commonly given as:ETC = estimate at completion – actual costHowever, the standard calculation for Estimate at Completion is based on Estimate To Complete, meaning that the standard definitions are circular and not particularly useful.
Practical CalculationThere are two ways to calculate Estimate To Complete. The first is to generate new estimates for remaining work. In many cases, baseline project estimates are invalidated by cost overruns and new estimates are required. The second, is to use your original estimates adjusted by the percentage completion of your project tasks.|
Type | | Definition | A forecast of the cost required to complete the work remaining for a project. | 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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