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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?

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The solution discusses project management and frequency updates of EAC and ETC.

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http://www.tutorialspoint.com/earn_value_management/evm_formula.htm

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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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http://www.tutorialspoint.com/earn_value_management/evm_formula.htm

Budget At Completion (BAC)
? Budget At ...

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