Project Management and Frequency Updates of EAC and ETC
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If a project has a history of issues, why would your management be so concerned about frequent updates to EAC and ETC?© BrainMass Inc. brainmass.com March 6, 2023, 2:32 pm ad1c9bdddf
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If a project has a history of issues, why would your management be so concerned about frequent updates to EAC and ETC?
You might conclude something as follows:
Because if the EAC = estimated time to completion and ETC = estimated time to complete are being constantly updated, it means managements current state of information about the problem and solving the problem are not accurate. From a financial point of view, it means that the companies costs are not predictable, therefore their profit ratios or project return may not meet company minimum hurtle rates. A good deal of variability exists in the project, therefore good estimates are difficult to calculate, therefore costs are difficult to estimate.
3 of the top Google search sources of information are listed.
Below are some websites that you can access for further information on this subject, they are good sources for this answer.
Budget At Completion (BAC)
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The solution discusses project management and frequency updates of EAC and ETC.