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AI-Prompt Engineering: Managers, Project Managers and Scrum Masters

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How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Advanced Lean Six Sigma

Learn to improve your business.

Measuring Project Performance

Learn Earned Value Analysis

AI for Agile Project Managers and Scrum Masters

Master AI to supercharge your Agile practice.

AI-Prompt Engineering: Managers, Project Managers and Scrum Masters

Prompt and Content Engineering to boost your productivity.

Estimate to Complete (ETC)

The forecasted amount of money needed to complete all unfinished work on the project.

Key Points

  • ETC represents only the future cost from today to project completion, not what has already been spent.
  • It links to total forecast: EAC = AC + ETC, so ETC = EAC - AC.
  • You can compute ETC by a bottom-up reestimate of remaining work or by deriving it from an EAC formula based on performance assumptions.
  • Official PMI wording: "The expected cost to finish all the remaining project work."

Example

A project has BAC = $500,000, EV = $250,000, and AC = $300,000. Assuming future cost performance will mirror past performance (use CPI), first find EAC: EAC = AC + (BAC - EV) / CPI. With CPI = EV / AC = 250,000 / 300,000 = 0.833, EAC ≈ 300,000 + 250,000 / 0.833 ≈ 300,000 + 300,000 = $600,000. Therefore, ETC = EAC - AC = 600,000 - 300,000 = $300,000.

PMP Example Question

A project reports AC = $1.2M, EV = $1.0M, and BAC = $2.0M. The PM expects future work to continue at the current CPI. What is the Estimate to Complete (ETC)?

  1. $0.8M
  2. $1.0M
  3. $1.2M
  4. $2.0M

Correct Answer: C — $1.2M

Explanation: CPI = EV/AC = 1.0/1.2 = 0.833. EAC = AC + (BAC - EV)/CPI = 1.2 + (1.0)/0.833 ≈ 2.4 (in millions). ETC = EAC - AC = 2.4 - 1.2 = 1.2M.

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