Cost Flashcards
1
Q
Original Budget of Project
A
Budget at Completion (BAC)
2
Q
Amount of Money Actually Spent on Project
A
Actual Cost (AC)
3
Q
Amount of money worth of work you actually did on project
A
Earned Value (EV)
4
Q
Difference between work done and Money Spent
A
Cost Variance (CV)
5
Q
The rate of Spending money to how were actually earning on the project
A
Cost Performance Index (CPI)
6
Q
Difference between the amount of work we should have don’t vs Amount of work done
A
Schedule Variance (SV)
7
Q
The rate of how we are meeting the project schedule
A
Schedule performing index (SPI)
8
Q
A
