Even the most meticulously planned projects experience unforeseen changes, and

when this happens, we need to quantify the effect these changes have. Luckily, there are formulas that eliminate the guesswork.

One of these formulas solves for Estimate at Completion — an important metric for monitoring a project budget. Keep reading to learn why to always calculate Estimate at Completion and exactly what this formula can do.

What is Estimate at Completion (EAC)?

Estimate at completion is a part of the earned value management (EVM) system. This term refers to the practice of estimating a project budget during the project’s life. In other words, how much will the project cost at the time of completion? Your EAC can then be compared to the originally projected budget.

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