You are the project manager of the MKTG Project. The project has a budget of $200.000 andd is expected to last 2 years. The project is now 20 percent complete and is on schedule. What is the BAC?
A.
$-00,00
B.
$200,00
C.
$50,00
D.
None of the above
Explanation:
The BAC is the budget at completion (Total budget cost) which is $200,00Budget At Completion (BAC)
Budget At Completion (BAC) is the total budget allocated to the project.
Budget At Completion (BAC) is generally plotted over time. Say like periods of reporting ( Monthly, Weekly etc. )
BAC is used to compute the Estimate At Completion ( EAC ), explained in next section.
BAC is also used to compute the TCPI and TSPI
BAC is calculated using the following formula
BAC = Baselined Effort-hours * Hourly Rate