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Cost to complete
Forecast final cost from a bottom-up estimate to complete and compare with budget.
Finance & unit economicsHow it's worked out
- EAC = actual + estimate to complete. CPI = earned value ÷ actual
- Progress measured physically, not by spend
NoteWhen the bottom-up and efficiency-based forecasts differ a lot, challenge the bottom-up estimate.
Source: PMI earned value practice; AACE cost forecasting
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