How to Forecast the Cost at Completion of a Project

How do you forecast the cost at completion of your projects? Check out this video to learn the “performance-based cost forecasting methods” using Earned Value Management. Get the full video training, summary, transcript, podcast link, mp3 download, shareable quotes, and other posts related to this episode and topic at www.projectcontrolacademy.com...
Get free training series on Earned Value Management at www.projectcontroltraining.com...
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FREE RESOURCES
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Listen to The Project Control Mastery Podcast on iTunes: itunes.apple.com/us/podcast/p...
Learn How to Succeed in Project Controls and Grow Your Career: projectcontroltraining.com/tr...
Get free training series on Earned Value Management at www.projectcontroltraining.com...
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CONNECT WITH SHOHREH & PROJECT CONTROL ACADEMY:
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ABOUT THE INSTRUCTOR, SHOHREH GHORBANI
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Shohreh Ghorbani is an internationally recognized program developer and instructor in the field of Project Controls. As the founder and director of Project Control Academy, the leading provider of comprehensive and practical trainings in project controls and earned value management, Shohreh has served thousands of professionals to take their project controls skills to the next level. With her impressive track record in teaching and years of hands-on experience on a broad range of project control technical areas in various industries, clients have acknowledged Shohreh as a subject matter expert and passionate trainer who transfers the knowledge of project controls in a simple and understandable manner. Shohreh is a licensed project management professional (PMP) recognized by Project Management Institute (PMI) and a professional member of American Association of Cost Engineers (AACE). She holds a Master of Science in Industrial Engineering.
Meet her at www.projectcontrolacademy.com/
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ABOUT THE PROJECT CONTROL MASTERY
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The Project Control Mastery is a weekly training on #ProjectControls, where you learn how to master your skills and knowledge in Project Controls and grow your career to the next level of success.
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[@rabidmongooseSEA]

FINALLY! A video on project cost using contemporary technology!

[@Projectcontrolacademy]

Thanks Stephen.

[@ramie9855]

Thank you!
wonderful presentation!

[@Projectcontrolacademy]

Thank you very much

[@neel55555]

Just Excellent!

[@AfreeIR]

Thank you so much. Your method of teaching is absolutely fantastic. I am recommending your online video series to all my colleagues and industry friends.

[@Projectcontrolacademy]

Many thanks, Bobak, for recommending our videos. Much appreciated.

[@MaricarTesta]

Great presentation. Thanks!

[@Projectcontrolacademy]

Thank you :)

[@simba2860]

Fantastic interactive video..... thoroughly recommended 👍👍👍

[@Projectcontrolacademy]

Thank you, Karpal. Your comment is greatly appreciated.

[@ezsutra]

Awesome presentation ... you demonstrate an in-depth and practical understanding of EVM.

[@Projectcontrolacademy]

Yes, absolutely. We have 3 deep-dive courses in EVM. You can check them out here: www.projectcontrolacademy.com/project-controls-training/

[@kinthushathanabalasingam2535]

found this very helpful! thank you!

[@Projectcontrolacademy]

You are welcome, Kinthusha. Glad to hear that it was helpful.

[@yizhang6117]

very comprehsible compared with others introducing EAC. Very good!

[@Projectcontrolacademy]

Yi Zhang , thank you. 🙏

[@noemiarce1861]

Thanks. life saver for my tomorrow's deliverable

[@Projectcontrolacademy]

Glad to hear it, Noemi.

[@patriciausifo311]

Thank you so much!!!

[@Projectcontrolacademy]

You're welcome, Patricia.

[@Slavik822]

Thank you

[@Projectcontrolacademy]

Our pleasure, Savalan

[@MrAbah105]

I'm working as structural engineer in EPCI for oil and gas , however every week I hear my manager and project control worry about cost, budget, progress, earn etc... the problem is even though we have prepared structure with good result, sometimes productivity is not satisfied. With this channel i want to understand project control, with hope i can help my boss or my project to achieve goals. thanks for teaching me

[@Projectcontrolacademy]

You are in the right place, MrAbah. It's awesome that you are willing to help your manager and looking for ways to better understand Project Controls. We recommend you check our website for more resources. www.ProjectControlAcademy.com

[@nisanthpanicker9562]

Is this used for long term contracts for construction projects?

[@prasobhprabha4295]

thank you

[@Projectcontrolacademy]

You're welcome

[@kayt2932]

How do i put this in excell

[@naazzz7815]

ETC = Act Productivity × Remaining work
ETC will be exact when you take actual productivity and multiply with remaining work.
Actual productivity = completed work / Man Hours consumed
EAC = ETC + AC

[@rimbaud0000]

Very good *subscribe*

[@Projectcontrolacademy]

Thanks for your subscription, Victoria. We are glad to have you on our channel.

[@maxbeeto]

As the project progresses can you have EAC lower than the BAC?

[@Projectcontrolacademy]

Unless you are planning on finishing below the original budget. However, in most projects, EAC is more than BAC.