Authorised Budget

That Budget which has been approved/authorised to be expended during the conduct of a Body of Work.

Refer BAC_A

Actual Cost

The Actual Costs Incurred (to date) during the conduct of a Body of Work.

Actual Finish

The point in time where work actually finished on a Planned Activity.

Actual Cost of Work Performed

[arch] Refer to AC (Actual Cost) for the terminology employed within this Web-Site.

Association of Project Management

A Professional Institution whose mission is "To develop and promote the professional disciplines of project and programme management for the public benefit"

Actual Start

The point in time where work actually started on a Planned Activity.

Actual Time

The normalised, elapsed-time of the Data Date from the Project Start Date.

e.g. (Data Date - Start Date) / Unit of measure

Budgeted At-Completion

That Budget which is indicated as required to be expended during the conduct of a Body of Work.

Budgeted At-Completion (Authorised)

That Budget which has been approved/authorised to be expended during the conduct of a Body of Work.

Budgeted At-Completion (Authorised) factor 1

That Budget which was formally approved/authorised to be expended during the conduct of a Body of Work during the last formal review.

Budgeted At-Completion (Authorised) factor 2

That Budget which has been formally approved/authorised to be expended during the conduct of a Body of Work since the last formal review.

Budgeted At-Completion (Baseline)

That Budget which is indicated as being required to be expended during the conduct of a Body of Work and which is documented in the Baseline Plan.

Budgeted At-Completion (Current Plan)

That Budget which is indicated as being required to be expended during the conduct of a Body of Work and which is documented in the Current Plan.

Budget At-Completion Variance( Authorised 'versus' Baseline)

The difference between the Authorised Budget At Completion(BAC_A) and the Baseline Budget At Completion (BAC_B)

Where: ΔBAC_AB = BAC_B - BAC_A

Positive indicates an overly lax performance management context.

Negative indicated an overly stringent performance management context.

Budget At-Completion Variance (Authorised 'versus' Current Plan)

The difference between the Authorised Budget At Completion(BAC_A) and the Current Budget At Completion (BAC_C)

Where: ΔBAC_AC = BAC_C - BAC_A

Positive indicates a cost base increase against available funding.

Negative indicated a cost base reduction against available funding.

Budgets At-Completion Variance (Baseline 'versus' Current Plan)

The difference between the Baseline Budget At Completion(BAC_B) and the Current Budget At Completion (BAC_C)

Where: ΔBAC_BC = BAC_C - BAC_B

Positive indicates a cost base increase for performance measurement.

Negative indicated a cost base reduction for performance measurement.

Budgetary Change Note

A Budget Amendment Increment which has been formally approved/authorised since the last formal review.

Budget Change Request

A Budget Amendment Increment which has not yet been formally approved/authorised.

Budgetary Control System

The (IT) System which catalogues all Budget Changes and Allocations.

Budgeted Cost of Work Performed

[arch] Refer to EV (Earned Value) for the terminology employed within this Web-Site.

Budgeted Cost of Work Remaining

[arch] Refer to VE (Value yet to be Earned) for the terminology employed within this Web-Site.

Budgeted Cost of Work Scheduled

[arch] Refer to PV (Planned Value) for the terminology employed within this Web-Site.

Business Intelligence

Refer to Wikipediafor definition.

Budget Release Note

The formal documentation that constitutes the BAC_A.

Cost Account Manager

Control Account Manager

That individual who hold the role of "Responsible Manager" for the specified Cost Account / Control Account

Cost Account Point

Control Account Point

A specific intersection-point between the Work Breakdown Structure (WBS) and The Cost Account Structure (CAS)

Cost Account Structure

The hierarchical structure that enables aggregation of discreet expenditures to an integrated whole.

Contract Budget Baseline

The Baseline Plan that provides the definition of the Contract (re. Project) Budget at the time that the contract was let

Cost Performance Index

An EVM term for the ratio between Earned Value (EV) and Actual Cost (AC)

Critical Ratio (Time-Based)

The product of the Cost Performance Index (value-based) [CPI_V] and the Schedule Performance Index (time-based) [SPI_T}.

Used as a forward-looking adjustment of Estimate-To-Completion (ETC) Costs based on historic performance.

Critical Ratio (Value-Based)

The product of the Cost Performance Index (value-based) [CPI_V] and the Schedule Performance Index (value-based) [SPI_V}.

Used as a forward-looking adjustment of Estimate-To-Completion (ETC) Costs based on historic performance.

Cascading Style Sheets

That portion of a Web-Site that controls the formatting/placement of the Web-Page content (e.g. Text/Images)

Contract Target Cost

The Strategic Targeted Expenditure during the conduct of work to enable the achievement of the projected Profit Level.

Cost Variance

The variance between the Earned Value (EV) and the Actual Costs (AC).

Cost Variance (Percentage)

The normalised variance between the Earned Value (EV) and the Actual Costs (AC).

Database Management System

Refer To WikipediaDefinition

Data Date

That Date which has been used during the Statusing / Updating of a Plan

Data Warehouse

Refer To Wikipedia Definition

Estimate At Complete

Estimate At Completion

The projected budgetary requirement during the conduct of a Body of Work.

Early Finish

The Earliest Date an Activity could Finish, based upon Activity Relationships.

Early Start

The Earliest Date an Activity could Finish, based upon Activity Relationships.

Earned Schedule

The Earned Value complementary analysis using elapsed-time.

Estimate To Complete

Estimate To Completion

The projected budgetary requirement yet to be expended during the conduct of a Body of Work.

Earned Value

That portion of the Budget that has been indicated as having been achieved.

Earned Value Management

A discipline for estimating the Value of expended costs against the budgeted allocations.

Earned Value Management System

The (IT) System which facilitates the implementation of EVM.

Finish-Finish (Activity Connection)

An Activity relationship whereby one activity cannot finish until another activity has been finished.

Factored Mean

Finish-Start (Activity Connection)

An Activity relationship whereby one activity cannot commence until another activity has been finished.

This is the most readily used type of Activity Interface.

File Transfer Protocol

Hyper Text Markup Language

Independent Estimate At Complete

Independent Estimate At Completion

A mathematically "independent" method of integrating planned-intentions and historic-performance as a modifying parameter to the Estimate-To-Complete (ETC) Cost.

Independent Estimate of Completion Date

A mathematically "independent" method of integrating planned-intentions and historic-performance as a modifying parameter to the Estimate-To-Complete (ETC) Duration.

Independent Estimate of Duration (At Completion)

A mathematically "independent" method of integrating planned-intentions and historic-performance as a modifying parameter to the Projects Remaining Duration.

Java Data Base Connectivity

Management Reserve

The Undistributed Budget held by management as a Contingency

any integer n

Organisational Breakdown Structure

The hierarchical structure depicting the "chain of command" or "delegated authority" between Responsible Managers.

Open Data Base Connectivity

On Line Analytical Processing

On Line Transactional Processing

Over Target Baseline

[Microsoft] Office Web Components

Project Duration

Planned Duration of Work Remaining

Performance Management Baseline

Performance Measurement Baseline

Project Management Body Of Knowledge ®

Project Management Institute

Project Reserve

Project Start Date

Planned Value

Relational Database Management System

Relational On Line Analytical Processing

Responsible Manager

Start-Finish (Activity Connection)

Statement of Work

Schedule Performance Index (Time-based)

Schedule Performance Index (Value-Based)

Start-Start (Activity Connection)

Schedule Variance (Time Based)

Schedule Variance Percentage (Time-Based)

Schedule Variance (Value Based)

Schedule Variance (Percentage)

Total Allocated Budget

To-Complete Cost Performance Index

To-Complete Schedule Performance Index (Value-Based)

To-Complete Schedule Performance Index (Time-Based)

Transmission Control Protocol / Internet Protocol

Undistributed Budget

Variance At Complete

Variance At Complete (Percentage)

Value yet to be Earned

Work Breakdown Structure

eXtensible Markup Language

eXtensible Stylesheet Language

eXtensible Stylesheet Language [for] Transformation