Variance at completion
Earned Value Management Handbook, Published by the Association for Project Management in March 2013 suggests that variance at completion (VAC) is: ‘…the cost comparison of the budget at completion with the current estimate at completion.’
Variance at completion can be calculated as:
VAC = Budget At Completion (BAC) – Estimation At Completion (EAC)
Or:
VAC% = (VAC/BAC) x 100
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