What is true of BAC and EAC? True or False 1. EAC is always an estimate....
What is true of BAC and EAC? True or False
1. EAC is always an estimate.
2. BAC factors in new cost estimates that have been made by project participants.
3. BAC is the planned budget at completion.
4. EAC can be determined using more than one method.
5. BAC is a performance ratio.
Homework Answers
Ans:
BAC is Budget at completion which is the original budget at the start of the project
EAC is Estimated at completion which determines the performance parameter
EAC = BAC/Cost performance index or EAC = Actual cost + BAC - Earned Value. Also, there are other formulas
1) True. EAC is always an estimate basis historical performance
2) False. BAC remains fixed and is determined at project beginning
3) True. BAC is the planned budget at the beginning
4) True. EAC can be calculated by using multiple ways as mentioned above
5) False. BAC is the budget at project beginning and not performance index. Cost performance index = Earned value/Actual cost
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What is true of BAC and EAC? True or False
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