What is Estimate at Completion (EAC)?

Estimate at Completion (EAC) is a project management term used to describe the estimated total cost of a project. It is calculated by taking the original budget for the project and adjusting it based on any changes that have occurred during the course of the project. The EAC can be used to help determine if a project is on track or if additional resources are needed to complete it.

How is Estimate at Completion Calculated?

The EAC is calculated by taking the original budget for the project and adjusting it based on any changes that have occurred during the course of the project. This includes any changes in scope, schedule, or resources that may have been made since the start of the project. The EAC can also be adjusted for any expected future changes that may occur before completion.

Why is Estimate at Completion Important?

The EAC is an important tool for project managers as it helps them to understand how much money they will need to complete their projects. It also allows them to identify potential problems early on and take corrective action before they become too costly. By understanding their EAC, project managers can better plan and manage their projects more effectively.