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 July 21, 2018, 11:06 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.
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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.