Glossary of PM Terms
|
Online PMP Training
Expand your PMP skill-set by enrolling in one of our professional training courses today. Our 21 learning modules and 5 full-length practice tests will give you the confidence you need to suceeed. |
- Estimate
- The prediction of the quantitative result. It is usually applied to project costs, resources and durations.
Source
- Estimate At Completion (EAC)
- A value expressed in either dollars and /or hours, to represent the projected final costs of work when completed. The EAC is calculated as ETC + ACWP.
Source
- Estimate To Complete (ETC)
- The value expressed in either dollars or hours developed to represent the cost of the work required to complete a task. Cobra calculates the ETC by subtracting the budgeted cost of work performed from the budget at complete. The ETC is calculated as BAC - BCWP.
Source
