Certified Associate in Project Management (CAPM) — Question 284

What should a project manager use to determine how much money is needed to complete a project?

Answer options

• A. Earned value management (EVM)
• B. Estimate at completion (EAC)
• C. Earned value analysis (EVA)
• D. Budget at completion (BAC)

Correct answer: B

Explanation

The correct answer is B, Estimate at completion (EAC), as it provides a forecast of the total cost of the project based on current performance. Options A, C, and D are related concepts but do not specifically provide an estimate of the total funds needed; EVM is a methodology, EVA is an analysis technique, and BAC is the initial budget estimate.