Pauline has attended:
Project Management - Framework & Processes course
Calulating variance
what are the 3 basic measurements of calculate project estimates.
RE: calulating variance
Hi Pauline
Thanks for your question. Three variables that assist in calculating variance are:
EAC - estimated at completion (Actual cost of work performed plus estimated cost of remaining work)
BAC - budget at completion (baseline)
VAC - variance at completion (BAC-EAC)
I hope this helps - let us know if you have any further questions.
Kind regards,
Andrew 
                                                        
					