how to calculate project actual completion percentage

Since EVM is all about The Monetary Values (MV), the next step is to find the MV of remaining work. Remaining Work = Total Work – Completed Work The above figure gives us the following formula for the remaining work. The remaining project work can be easily understood by looking at the following figure. So, the first step for finding the formulas for ETC is finding a formula for the remaining work. Estimate To Complete (ETC) Formulas For The PMP Certification ExamĮTC is an estimated cost of remaining work. In addition to ETC, Estimate At Completion, and To Complete Performance Index are also used for project forecasting. ETC is used for forecasting future performance of a project. Note: EVM helps in measuring current performance and forecast future performance of a project. You can also refer to my other article on EVM definitions.ĮTC is is used to forecast the money needed for completing the remaining work of a project. You can also refer to Max Wideman Glossary to read some other standard definitions of ETC. PMP Exam Formulas Estimate To Complete (ETC) In Project ManagementĮstimate to Complete is the expected cost to finish all the remaining project work.

Estimate To Complete (ETC) vs Estimate At Completion (EAC).Scenario/Formula II – Atypical Performance.Scenario/Formula I – Typical Performance.Estimate To Complete (ETC) Formulas For The PMP Certification Exam.Estimate To Complete (ETC) In Project Management.

How to calculate project actual completion percentage