There Are Two Ratios Which Are Used to Measure Airline

question 12

Essay

There are two ratios which are used to measure airline performance.One measures efficiency while the other measures equipment utilization.Define both,describe how they are computed and what factors they measure.

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Definitions:

Estimate At Completion

A forecasting tool used in project management to predict the total cost of a project at its completion.

Budgeted Cost

The estimated financial expenditure for a project, activity, or operation, typically set during the planning phase.

Planned Value

In project management, it represents the estimated monetary value of the work planned to be done on a project at a given point in time.

Budget At Completion

The total budgeted cost of a project at its completion, including all planned expenditures and liabilities.