1. A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be performed and then add this re-estimate to the cumulative actual cost. If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then
a. the FCAC is greater than the TBC.
b. the FCAC is less than the TBC.
c. the FCAC cannot be calculated with the values given.
d. additional information is needed to predict the FCAC.
2. Allocating total project costs for the various elements to the appropriate work packages will establish
a. the committed costs for the work package.
b. the anticipated expense for the work package.
c. how to apply resources to the work package.
d. a total budgeted cost (TBC) for each work package.