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What is Estimate To Complete?

 , updated on September 09, 2022
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 Calculation

The standard calculation for Estimate To Complete is commonly given as:
ETC = estimate at completionactual cost
However, 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 Calculation

There 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.
Overview: Estimate To Complete
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.
Acceptance Criteria
Acceptance Testing
Actual Cost
Agile
Assumptions
Baseline
Basis Of Estimate
Behavioral Requirements
Burndown Chart
Change Control
Change Control Board
Change Fatigue
Change Request
Concept Note
Cone Of Uncertainty
Constraints
Corrective Action
Cost Baseline
Cost Contingency
Cost Control
Cost Overrun
Cost Variance
Defect
Defect Density
Definition Of Done
Deliverable
Document Control
Earned Value
Escalation
Estimate At Completion
Estimate To Complete
Estimates
Feasibility Analysis
Fudge Factor
Full-Time Equivalent
Human Factors
Issue Management
Issues
Lead Time
Lessons Learned
Level Of Effort
Milestone
Opportunity Study
Out Of Scope
Parametric Estimate
Phased Implementation
Planned Value
Principles
Process
Program Management
Project Charter
Project Communication
Project Complexity
Project Concept
Project Controls
Project Failure
Project Goals
Project Management
Project Metrics
Project Planning
Project Productivity
Project Proposal
Project Risk
Regression Testing
Requirements
Requirements Quality
Return On Investment
RFP
Risk Register
Schedule Baseline
Schedule Chicken
Scope
Scope Baseline
Scope Creep
Scrum
Set Up To Fail
Smoke Testing
Specifications
Sponsor
Sprint
Stakeholder
Stakeholder Management
Statement Of Work
Story Points
Subproject
Use Case
User Stories
Variance Analysis
Workaround
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