Updated: October 9, 2020
From Rob Kelly, AACE Central Ohio President:
Section Members and Industry Colleagues-
On behalf of the Board of the Central Ohio Section of AACE International, you are cordially invited to attend our 100% virtual Section meeting and presentation Thursday, October 15, 2020 beginning 6pm.
Central Ohio Section
October 15, 2020 Meeting and Presentation
Join Zoom Meeting
https://zoom.us/j/96876024920?pwd=VG1nb1Mzd2tNSGR3bCtjY293cittdz09
Meeting ID: 968 7602 4920
Passcode: 263148
For this month’s presentation, we are excited to have Jim Krebs and Brennan Cagney of Administrative Controls Management presenting their work:
"You Can't Get There From Here" Real World Application of AACE RP 80R-13: Estimate at Completion (EAC).
The Estimate at Completion, or “EAC,” is a common tool for updating cost to budget and to forecast whether or not a project will achieve its financial goals. A reliable EAC always is important, but in an environment of poor performance, compounding negative effects may diminish EAC reliability. With no reliable EAC, there is no reliable answer to “Are we going to make it financially?”
Mr. Krebs and Mr. Cagney demonstrate the use of key performance factors including the “To Complete Performance Index” (TCPI) with data drawn from real world projects to support reliability evaluation of your EAC and knowing whether financial goals remain achievable. After all, with regards to achieving financial goals, an understanding of the TCPI and other key factors together with the EAC support truly knowing whether the project can “get there from here.”