Estimate to completion and budget at completion

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Reference no: EM131673470

Earned value not only allows us to monitor and control a project but it also allows a method to predict certain project parameters. Forecasting in a project begins with four terms: estimate to completion (ETC), estimate at completion (EAC), budget at completion (BAC), and complete performance index (TCPI). In your own words, what does each of these mean? How is each used?

Reference no: EM131673470

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