What is bottom up etc?
In this regard, what is the difference between ETC and EAC?
As the project progresses, it will be necessary to forecast out the total anticipated funding required. The two forecasts utilized are the estimate at completion (EAC) – how much the project is forecasted to cost overall – and the estimate to complete (ETC) – how much funding is required to complete the remaining work.
Additionally, what does ETC mean in project management? estimate to complete
In respect to this, what is the formula for etc?
You use the formula “ETC = (BAC – EV)/CPI” with an assumption that the future cost performance will be same as the current cost performance.
What is a bottom up estimate?
Bottom-up estimating is a project management technique in which the people who are going to do the work take part in the estimating process. Setting the estimates of the amount of work, duration and cost at the task level lets you combine them into estimates of higher-level deliverables and the project as a whole.