Want to know your project’s final cost? Let’s explore the expected total cost!
The expected total cost of completing all work is the sum of the actual cost to date and the estimate to complete.
This projection helps you anticipate the total expenditure. It ensures you stay within budget and avoid surprises.
Formula:
EAC = AC+ (BAC – EV)
Calculate it regularly. Compare this value with your budget to monitor financial health.
Use the expected total cost to keep your project finances on track. It’s crucial for successful project management!
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