CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CAPM Exam with challenging questions and comprehensive explanations. Utilize flashcards and multiple choice quizzes to enhance your project management knowledge. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does estimate to complete (ETC) refer to?

Original budget for the project
Costs saved during the project
The estimated additional costs to complete activities or the project
Total estimated revenue from the project

The correct answer is: The estimated additional costs to complete activities or the project

Estimate to complete (ETC) refers to the estimated additional costs required to complete activities or the entire project. It represents the projected cost needed to finish the remaining work in the project. This is a crucial measure in project management to ensure that the project stays within budget and resources are allocated appropriately. The original budget for the project (Option A) is the initial baseline cost set for the project and does not necessarily reflect the additional costs needed to complete the project. Costs saved during the project (Option B) would not fall under the estimate to complete as it refers to the savings achieved and not the remaining costs. Total estimated revenue from the project (Option D) is related to the expected income generated from the project and is not associated with the estimated costs required to complete the project.