The best estimate of the total cost at the completion of the project best defines
A)schedule performance index.
B)cost performance index.
C)estimate at completion.
D)variance at completion.

Question

Quizplus · Accepted Answer

The estimate at completion (EAC) is the best estimate of the total cost of the project when it is completed, taking into account any variances or changes in the cost estimates. The schedule performance index (SPI) and cost performance index (CPI) are measures of the project's performance to date but do not take into account future changes or variances. The variance at completion (VAC) is a measure of the difference between the budgeted cost and the estimated cost at completion, but it is not the best estimate of the final project cost.

The Best Estimate of the Total Cost at the Completion