Earned-value analysis. A project budget calls for the following expenditures:

Task	Date	Budgeted Amount
Build forms	April 1	$10,000
Pour foundation	April 1	$50,000
	May 1	$100,000
Frame walls	May 1	$30,000
	June 1	$30,000
Remaining tasks	July 1 and beyond	$500,000

Define each term in your own words, calculate these values for the above project, and show your work:

1. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
2. Estimate at completion (EAC)