PMP Certification Prep Flashcards

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Author:
alvincolon
ID:
245977
Filename:
PMP Certification Prep Flashcards
Updated:
2013-11-11 11:40:39
Tags:
EARNED VALUE MANAGEMENT
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Description:
This section will describe the abbreviations terminology and definitions for Earned Value Management Terms & Definitions
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  1. PV - Terminology
    PLANNED VALUE
  2. PV (PLANNED VALUE) - Definition
    BUDGETED VALUE OF WORK PLANNED TO BE DONE
  3. EV - Terminology
    EARNED VALUE
  4. EV (EARNED VALUE) - Definition
    BUDGETED VALUE OF WORK COMPLETED
  5. AC - Terminology
    ACTUAL COST
  6. AC (ACTUAL COST) - Definition
    ACTUAL COST OF WORK COMPLETED
  7. BAC - Terminology
    BUDGET AT COMPLETION
  8. BAC (BUDGET AT COMPLETION) - Definition
    THE ORIGINAL COST BASELINE
  9. EAC - Terminology
    ESTIMATE AT COMPLETION
  10. EAC (ESTIMATE AT COMPLETION) - Definition
    EXPECTED TOTAL PROJECT COST (forecasted based on performance to date)
  11. ETC - Terminology
    ESTIMATE TO COMPLETE
  12. ETC (ESTIMATE TO COMPLETE) - Definition
    EXPECTED REMAINING COST (now until project completion)
  13. VAC - Terminogoly
    VARIANCE AT COMPLETION
  14. VAC (VARIANCE AT COMPLETION) - Definition
    EXPECTED VARIANCE OVER/UNDER BUDGET

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