Estimate to Complete

Correct Answer: Estimate to Complete

The correct answer is 'Estimate to Complete'. This technique is used to estimate the cost required to complete the remaining work in a project. The other options are incorrect because: - 'Estimation Completion' is not a recognized project management term. - 'Estimated Finish' refers to the expected completion date of a project, not the cost to complete remaining work. - 'Estimate Progression' is not a standard project management technique for estimating remaining costs.

Correct Answer: $600,000

The correct answer is $600,000.

To calculate the Estimate to Complete (ETC), we need to subtract the Actual Cost (AC) from the Estimate at Completion (EAC).

ETC = EAC - AC
ETC = $1,500,000 - $900,000
ETC = $600,000

This represents the estimated amount of money needed to complete the remaining work on the project.

The other options are incorrect:

$900,000 is actually the Actual Cost, not the Estimate to Complete.

$1,500,000 is the Estimate at Completion, which represents the total project cost estimate, not the remaining work to be done.

$750,000 is not based on any valid calculation method for ETC in project management.

Correct Answer: $1,800,000

Estimate to Complete (ETC) means how much more budget we expect to complete the rest of the project. Here in our scenario, given that the project has consumed $1,800,000 and achieved 50% of the project scope, it means we have spent $1,800,000 to complete half of the project. So, it implies we will require an equal amount of budget (i.e. $1,800,000) to complete the rest of the project (i.e. remaining 50%). Hence, the Estimate to Complete (ETC) would be $1,800,000. Therefore, the answer $1,800,000 is correct. The answer $1,400,000 is incorrect because, it's less than what's been spent so far, and not sufficient to cover the costs of the remaining 50% of the project. The answer $2,000,000 is wrong because it means the remaining 50% of the project would cost more than what's been spent on first half which is not given or implied. Same logic applies to the $2,500,000 answer, So they are also wrong.