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All program managers have been asked to come up with a new estimate at completion for their in-progress project. What is the most accurate method to develop?

the new estimate is to:

A. Complete an earned value analysis to determine the cost analysis.

B. take the actual to date and add the remaining budgets modified by performance factor.

C. take the actual to date and develop a new estimate for all remaining work.

D. Add the remaining budget to what has already been spent.

Cost Management Budget Analysis Project Management Management
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/10/09
Upvote (0) Views (11) Followers (5) Answers (6) Report Question
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Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

C. take the actual to date and develop a new estimate for all remaining work.

Sattar Abdulkarim Mohamed
by Sattar Abdulkarim Mohamed , Country Sales Director , Ideal Technical Solutions

Thanks for your invitation. Option C which is fit with most accurate method to develop.

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

I am also agree with honorable Bangladeshi brother Mr Md Fazlur Rahman. Option C.Take The actual to date & develop a new estimate for all remaining work.

Ksenija Kancelak
by Ksenija Kancelak , Construction Project Manager , City of Koprivnica, Koprivnica (Croatia)

I think the right answer is C

Krishna KHASANIS PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Thanks for the invite.

I go with option C - take the actual till date and develop new estimate for remaining work .

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