cost management- BAC calculation
Submitted by vijayavadrevu on Sat, 03/23/2013 - 07:27
Forums:
The original cost baseline for a project is $600,000. There is a management reserve of $50,000. The project manager finds it necessary to use $20,000 of the management reserve. The value for Budget at completion, BAC is now:
Answer is given as $620,000
Can someone explain the concept?
