Mastering Budget At Completion: A Comprehensive Guide For Project Success
Budget at Completion (BAC) is a financial estimate of the total cost to complete a project. It’s calculated based on the Baseline Cost, Budgeted Cost for Work Performed (BCWP), Actual Cost of Work Performed (ACWP), Estimated Cost to Complete (ETC), and Variance at Completion (VAC). Earned Value Management (EVM) is a performance management technique that…