Hi,
I came across this EVM related question online. Can someone please explain how to arrive at the correct answer?
Q: You are the project manager for a construction company with a budget of $300,000 and two months into the project, you find that there have been several changes in the project and you re-estimate that the project will cost additional money. If the Earned value to date is $175,000 and the costs incurred are $225,000 calculate the estimate at completion (EAC)?
The correct answer is: $385,000.
Thanks,
Saloni