Question

If the budget at completion for a project is $200,000 and the cost performance index is .5, what is the estimate at completion

Answer 1

$400,000

Step-by-step explanation:

Estimate at completion in finance can be explained as forecast cost of a particular project. It can be estimated by using the expression below

Estimate at completion =[Budget at Completion] /(Cost Performance Index)

From the question, our budget at completion for a project = $200,000

cost performance index is = 0 .5,

Then just input the values we have,

Estimate at completion= 200000/0.5

=$400,000

Therefore, Estimate at completion is

$400,000