Cost Forecasting with the Estimate At Completion (EAC) | Project Management Key Concepts

[@rogerkuch]

Hi David. This video needs to be moved in front of what is currently video #28 ("Cost Forecasting with the ETC, VAC and TCPI"). Thanks for all of the amazing content!!

[@cezaragalliu347]

Great teacher!

[@emadfaheem4674]

Thank you!

[@srujan00]

cheers David

[@anne5664]

Thank youu!!

[@storytimereadaloud805]

The different formulas got the different amounts of the EAC, which one should we use in the real practice? Thanks

[@tylerhammond3896]

Hi I’m new to all of this but what is the difference between earned value and actual cost? In my mind both things are the cost of completed work thus far?

[@vongirl123]

ev is the amount of work done, ac is the money you've spent on that work so far.

[@JaimieKonetchy]

I'm new to this, and struggling with the last formula because it creates a circular reference.
The formula requires a Bottom-up ETC, which you describe as a newly calculated ETC. However, your video "Cost Forecasting with the ETC, VAC and TCPI" states that the formula to calculate an ETC requires the EAC (which should be calculated using the Bottom-up ETC because adjustments are needed). In your video about estimate techniques, there is no mention of how to calculate a Bottom-up ETC.
Please clarify the formula for a Bottom-up ETC?

[@FatimaCarter-b1c]

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