Predict Project Costs A Manager's Guide

Predict Project Costs A Manager's Guide Unlock the power of project forecasting with this essential guide to Estimate to Complete (ETC) and Estimate at Completion (EAC). In this video, we delve into why these concepts are critical for project managers navigating budget deviations and unexpected costs. Learn to predict future project performance based on current trends, ensuring you can make informed decisions and control project finances effectively. We'll break down ETC – the estimated cost to finish remaining work – and EAC – the total revised project cost upon completion. Using a practical software development scenario, you'll see how to apply different EAC formulas, including those that assume current trends continue or future work returns to budget. Master these techniques to accurately forecast project costs, report financial outlooks to stakeholders, and keep your projects on track. Like this video, share your project forecasting tips in the comments, and subscribe for more expert project management content! 0:00 - 0:49 — The Need for Project Forecasting 0:49 - 1:50 — Understanding Estimate to Complete and Estimate at Completion 1:50 - 2:37 — A Project Forecasting Scenario 2:37 - 3:33 — Estimate to Complete Explained 3:33 - 4:24 — Estimate at Completion: Assuming Current Trends 4:24 - 5:16 — Estimate at Completion: Other Scenarios 5:16 - 6:13 — Resolving Sarah's Project Challenge 6:13 - 6:38 — Clarifying BAC versus EAC Thank you for Watching! 🎓 Free PM Certification Courses (+ one discounted) — valid through ~Sept 30, 2026 I've opened up free-enrollment coupons for most of my project management certification prep courses on Udemy — CAPM, PMI-ACP, PSM I, CISSP, AI for Project Managers, and more. One CAPM module is deeply discounted rather than free. Coupons cap at 100 redemptions each and expire ~Sept 30, 2026 — whichever comes first. 👉 Grab yours: https://pmessentialskills.com/courses 🖥️ Build Courses in Half the Time — Course Creator Suite I also built the desktop app I use to produce my own courses — turns one course idea into scripts, slide decks, AI voiceovers, and a finished video automatically. One-time purchase, runs on your own PC, no subscriptions. 👉 Check it out: https://pmessentialskills.com/tech-ap... Everything else: https://pmessentialskills.com   / pmessentialskills   PM Essential Skills Community: We strongly believe that we should work together! You will have the option to comment or raise your query by adding your comments in any of the videos, and we will answer it as soon as possible! Let's master the art of project management and achieve our professional goals together! Connect with Us: Hit the subscribe button and turn on notifications so you never miss an update from PM Essential Skills. Let's achieve excellence in project management together! SUBSCRIBE & Follow us on YouTube: @PMEssentialSkills #pmp, #capm, #pmbok, #pmptraining, #capm, #udemy, #projectmanagement #pmessentialskills, #udemy, #coursecreator #freecoursesonudemy