estimate at completion ("eac")
1. “The expected total cost of an activity, a group of activities, or of the project when the defined scope of work is completed. Most techniques for forecasting EAC include some adjustment of the original cost estimate based on project performance to date. Also shown as ""estimated at completion." Often shown as EAC = Actuals-to-date + ETC. See also earned value and estimate to complete. 2. An estimate of the cost at completion based on the original planned performance. The EAC is given by the sum of the remaining cost and ACWP.
A value expressed in either dollars and /or hours, to represent the projected final costs of work when completed. The EAC is calculated as ETC + ACWP.