The electronic structure and total energy of the C15 NbCr2 phase have been calculated using the linear muffin-tin orbital (LMTO) method with the atomic sphere approximation (ASA). The total energy vs. volume curve, band structure, density of states and Fermi surface were obtained. The calculated results were used to examine several features of the C15 phase, including the elastic properties, phase formation and stability, and solubility range of the C15 phase. The theoretical results are compared to experimental studies on NbCr2 For example, the elastic moduli, phase stability, and homogeneity range have been determined with a variety of experimental techniques. Comparison of the experimental and theoretical results will be discussed.