Analysis of the Earned Value Management and Earned Schedule Techniques in Complex Hydroelectric Power Production Projects: Cost and Time Forecast

Table 4

Results of simulation models in regard to total costs.

Hydroelectric project	Budget at Completion (BAC)	Probability of cost equal to or less than BAC	Estimated cost for 95% probability
	million US$		million US$
Santiago	2684	26.1	2839.2
Cardenillo	944	26.6	999.1
Mazar Dudas	56	21.6	59.29
Sopladora	678	22.7	714.4