PMP Exam Simulator

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4h 0m 0s
info iconPMP exam lasts 4h and has 200 questions
info iconUse acceleration to have extra 30m in reserve on exam

lock iconCost Management

Tom has been successfully managing a capital project. He is required by the finance department to keep them updated on money being spent. Tom has to submit a funding plan. Also, monthly forecasts are needed so that any changes to the funding plan can be requested in advance and evaluated. Tom cannot exceed the budget limit, because it will impact the stock value. Processes and practices have been successfully implemented to anticipate funding changes. Evaluation is performed to minimize problems and increase the efficient use of funds. Tom has been using different reporting and analysis techniques in order to meet the requirements of the finance department. One of them is EAC, which is: