In this article, we will discuss the concept and analyze the estimate to complete formula with examples to provide you a better understanding.

It calculates the cost from now to the completion of the project.

Unlike the EAC (Estimate at Completion) which calculates the overall project expected budget, the ETC does not take into consideration what has been spent up to now. For that purpose, Estimate to Complete (ETC) is a strong forecasting tool used along with the estimate at completion. Basically, cost estimation is the practice of assigning a value to a task that incorporates a wide range of tools and techniques. It is clear that accurate project cost estimation is one of the most important methods that helps to evaluate the project’s success. If the remaining direct costs and indirect costs of the works are more than estimated, clients, funders, and stakeholders will be unhappy and they will start to question the project’s success. Project managers often wonder how much money they will spend to complete the remaining project works.

Estimate to Complete (ETC) Definition & Examples

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