Acronyms

Question 1

PV

Answer 1

Planned value { (planned % completed) x budget

Question 2

EV

Answer 2

Earned value { (% of completed work) x budget}

Question 3

AC

Answer 3

Actual cost (money spent)

Question 4

EVM

Answer 4

Earned Value Management

Question 5

SV

Answer 5

Schedule variance ( EV - PV)

Question 6

CV

Answer 6

Cost Variance (EV - AC)

Question 7

SPI

Answer 7

Schedule performance index ( EV/PV )

Question 8

CPI

Answer 8

Cost Performance index ( EV/AC )

Question 9

Burn Rate

Answer 9

1 / CPI

Question 10

EAC

Answer 10

Estimate at completion (difference between project budget and cost baseline)

Question 11

TEC

Answer 11

Total estimated costs

Question 12

OPCs

Answer 12

Other project costs

Question 13

ETC

Answer 13

Estimate to complete ( how much money will be required to complete remaining balance of project work.)

Question 14

TCPI

Answer 14

To-Complete Performance Index

Question 15

WBS

Answer 15

work break-down structure

Question 16

PMO

Answer 16

Project management office

Question 17

PMI

Answer 17

Project Management Institute

Question 18

SOW

Answer 18

Statement of Work

Question 19

RFI

Answer 19

request for informaiton

Question 20

RFP

Answer 20

Request for proposal

Question 21

MOU

Answer 21

Memorandum of understanding

Question 22

NDA

Answer 22

Nondisclosure agreement

Question 23

SLA

Answer 23

Service level agreement

Question 24

PO

Answer 24

Purchase order

Question 25

NPV

Answer 25

Net present value

Question 26

IRR

Answer 26

Internal rate of return

Question 27

RACI

Answer 27

responsible, accountable, consulted, informed