Or, we can say that we have to find the expected cost of performing work that is worth 45000 units of money. Going by the ETC definition, we have to determine the expected cost of building the remaining 45 tables. It is likely to be more that MV of remaining work as the project is currently over-budget. Using the above data we can calculate ETC. actual expenditure for completing 35 tables is 36000 units of money.Ĭonsidering the monetary values of the work and the above formulas, we can rewrite the data from example project in EVM terminology as:. Here is the data from the Table 4 of the previous article: The team was behind schedule and over-budget. At the end of the third day, the project team was supposed to build had built 40 out of 80 tables but they had actually built only 35 tables at a cost of 36000 units of money. The estimated cost of building each table was 1000 units of money and the total budget was 80000 units of money. 'He did not miss a single hole from the first onwards. In that example, the project team had to build 80 tables in 5 days. etc., not to say pieces of gold, silver, bronze, or even iron, wrought more or less, but unstamped, were the nearest approach to a currency that had as yet been reached.
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