Estimated cost to complete
The remaining costs to be incurred on a project at a point in time, typically calculated by a project manager using cost estimates for activities that have already taken place to anticipate what the remaining cost of activities left to complete will be.
This is a financial projection of the remaining costs needed to complete a project. It helps project managers track financial progress and make informed decisions about resource allocation, ensuring the project remains within budget and financial goals are met.
Used in a sentence
Our estimated cost to complete shows we are on budget and on track for project completion.
Synonyms/variation
ETC
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