What is the difference between Budget ,Forecast and Latest estimate(LE).

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What is estimate at completion (EAC)?
Posted by:
Muhammad Farooq
17-May-2016

Question added by Naveed Ishaq
Date Posted: 2015/10/17

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1 Answers

by Emery DJONGA , Accounting & Administration Officer , Fondation Hirondelle

A budget is a quantified expectation for what a business wants to achieve and a forecast is an estimate of what will actually be achieved.

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