A+ Work

Latest Estimate:-

For the latest estimate you have to calculate the actual cost incurred to the date as well as the future estimated cost which will be spend on that task.

For example:-

Task A Actual Cost = $ 200000

Task A Future Estimated Cost = $ 100000

Latest estimate = $ 300000

In addition, the planned cost is the approved estimated cost of the project. This is the total of all the cost of project tasks or elements.