You are the project manager of the NHJ project for your company. This project has a budget at completion of $1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be.
What is the estimate at completion?
A. $1,650,000
B. $1,666,667
C. $663,333
D. -$8,333
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EV=65%*1,650,000=990,000
CPI=EV/AC=990,000/995,000=0.99
EAC=BAC/CPI=1,650,000/0,99=1,666,667