Whats in Your Estimate at Completion

Abstract

In this era of increased emphasis on cost constraints and affordability, we often ask, How much will this cost? Within an Earned Value Management (EVM) context, the answer is found in the Estimate at Completion, or EAC. EACs are discussed in various venues from a technical managers office at a prime contractor facility to a crowded conference room at the Pentagon. All eyes become fixated on the number. It is important for government program managers (PMs) to realize, especially as budgets tighten, that the EAC is more than just a number. The EAC is a gateway to insight on past, present and future program performance. The EAC numbers are the tip of an iceberg. Below the surface is a rich story describing why the numbers are what they are, how they were derived, and what they reflect. EACs provide insight and contributions to both government and contractor planning and management process execution.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Apr 01, 2014
Accession Number
AD1015761

Entities

People

  • Pat Barker
  • Roberta Tomasini

Organizations

  • Defense Systems Management College

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Best Practices
  • Business Administration
  • Contractors
  • Contracts
  • Costs
  • Delphi Method
  • Department Of Defense
  • Governments
  • Lessons Learned
  • Management Personnel
  • Organizational Structure
  • Program Management
  • Risk
  • Risk Analysis
  • Risk Management
  • Systems Management

Readers

  • Defense Acquisition Program Management
  • Vision Science/Vision Psychology/Cognitive Neuroscience.