Exam CAPM topic 1 question 4 discussion

Estimate at Completion (EAC). The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.

EAC. Given answer is incorrect. Topic is stale by the way. https://www.reddit.com/r/capm/comments/13sk95o/what_should_a_pm_use_to_determine_how_much_money/

B for sure

B for sure

EAC: see figure 7, pag. 264 PMBOK6

Not sure about this answer, was thinking about EAC. Why is it C?

B. Estimate at completion (EAC) To determine how much money is needed to complete a project, a project manager should use the "Estimate at Completion (EAC)." EAC is a forecasting technique that provides an estimate of the total cost of completing the project based on the project's performance up to a certain point. It considers the actual costs incurred, work performed, and any variances from the original budget.

why it's not the answer A?

The option B is more relevant

Estimate at Completion (EAC). The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.

I believe the thing to focus on for this question is the fact that Earned Value Analysis encompasses EAC as well as BAC making this the best answer.

Earned Value Analysis (EVA) is an industry standard method of measuring a project's progress at any given point in time, forecasting its completion date and final cost, and analyzing variances in the schedule and budget as the project proceeds Estimate at Completion is the current expectation of the total costs of a project once completed

B. Estimate at completion (EAC)

The money needed to complete a project is given by ETC. EAC is the total expected money at the end of project. ETC is one of the possible parameters of EVA analisys. As ETC is not there then EVA is the most correct

Correct Answer is B

Earned value analysis (EVA). Earned value analysis compares the performance measurement baseline to the actual schedule and cost performance.