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How to fill out calculating estimate at completion

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How to fill out calculating estimate at completion

01
Review the project plan and current progress.
02
Identify the total budget for the project.
03
Calculate the percentage of work completed.
04
Estimate the remaining work to be done.
05
Use a formula to calculate the Estimate at Completion (EAC).
06
Compare the EAC with the original budget to determine if any adjustments need to be made.

Who needs calculating estimate at completion?

01
Project managers
02
Project stakeholders
03
Management teams
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Estimate at completion (EAC) is a forecasting technique used in project management to estimate the total cost of a project when it is completed.
Project managers or individuals responsible for managing the project budget are required to calculate estimate at completion.
To fill out calculating estimate at completion, project managers need to factor in actual costs, remaining work to be completed, and any potential changes in scope or budget.
The purpose of calculating estimate at completion is to provide an updated forecast of the total project cost based on current performance and any changes in scope or budget.
Information such as actual costs incurred, remaining work to be completed, budget adjustments, and any changes in scope must be reported on calculating estimate at completion.
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