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This content of this page remains incomplete; with very few of the listed entries having their appropriate definitions. Where possible, and time permitting, external links will be provided to qualify the definitions provided herein.

Definitions

  • AB

    • Authorised Budget

      Refer BACA.

  • AC

    • Actual Cost

      AC is the actual (total) cost (units or fiscal-value) incurred during the execution of completed work within a Body of Work (BoW) up to a specified point in time; which, unless otherwise stated, would be the Data Date.

  • AT

    • Actual Time

      A normalised (with respect to timeframe unit) elapsed time from the commencement of work within a Body of Work (BoW).

  • BAC

    • Budgeted At-Completion

      A Budgetary Control term for the Total Budget assigned to the activities within a Body of Work (BoW); this is also known as the Planned Value (PV) for that Body of Work.

  • BACA

    • Budgeted At-Completion (Authorised)

      A Budgetary Control term for the Total Authorised Budget assigned to a Body of Work (BoW); i.e. that limiting budget that has been approved to be spent in the conduct of a Body of Work (BoW).

  • BACA1

    • Budgeted At-Completion (Authorised) factor 1

      A Budgetary Control term for the Total Authorised Budget assigned to a Body of Work (BoW) during a Formal Reissue of that Budget ; i.e. that limiting budget that has been approved to be spent in the conduct of a Body of Work (BoW).

      Refer BRN.

  • BACA2

    • Budgeted At-Completion (Authorised) factor 2

      A Budgetary Control term for the Total Authorised Budget Amendments applied to a Body of Work (BoW) since a Formal Reissue of that Budget ; i.e. that total budget amendment that has been approved to be spent in the conduct of a Body of Work (BoW).

      Refer BCN.

  • BACB

    • Budgeted At-Completion (Baseline)

      A Budgetary Control term for the Total Budget that is indicated as "required to complete a Body of Work (BoW)" and which is defined in a Baseline Network/Plan.

  • BACC

    • Budgeted At-Completion (Current Plan)

      A Budgetary Control term for the Total Budget that is indicated as "required to complete a Body of Work (BoW)" and which is defined in the Current Network/Plan.

  • ΔBACAB

    • Variance in the Budgets At-Completion (Authorised 'versus' Baseline)

      A Budgetary Control term for the Variance in indicated Total Budgets for a Body of Work (BoW)" and which is utilised as a Management Criteria.

  • ΔBACAC

    • Variance in the Budgets At-Completion (Authorised 'versus' Current Plan)

      A Budgetary Control term for the Variance in indicated Total Budgets for a Body of Work (BoW)" and which is utilised as a Management Criteria.

  • ΔBACBC

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

      A Budgetary Control term for the Variance in indicated Total Budgets for a Body of Work (BoW)" and which is utilised as a Management Criteria.

  • BCN

    • Budgetary Change Note

      A Budgetary Control term for the authorised request for a Budget Amendment

  • BCR

    • Budget Change Request

      A Budgetary Control term for the pre-authorised request for a Budget Amendment

  • BCS

    • Budgetary Control System

      A Budgetary Control term for the system that administers Budget Control and Amendment

  • BRN

    • Budget Release Note

      A Budgetary Control term for the Authorised Release of a Budget

  • CAM

    • Cost Account Manager

      Refer "Responsible Manager

  • CAP

    • Cost Account Point

      Desc. TBC

  • CAS

    • Cost Account Structure

      A Budgetary Control term describing the hierarchy that aggregates the costs incurred during the conduct of multiple Bodies of Work (BoW).

  • CBB

    • Contract Budget Baseline

      Desc. TBC

  • CPI

    • Cost Performance Index

      An EVM term representing the fiscal efficiency of the Costs Incurred during the conduct of work, versus the "Value" which that represents

      Mathematically

      IMG
  • CRT

    • Critical Ratio (Time-Based)

      An EVM term...

      Mathematically

      IMG
  • CRV

    • Critical Ratio (Value-Based)

      An EVM term...

      Mathematically

      IMG
  • CTC

    • Contract Target Cost

      Desc. TBC

  • CV

    • Denoting "Cost Variance".

      An EVM term; CV is the difference between the Earned Value (EV) and the Actual Costs (AC) of a Body of Work (BoW) at a specific point in time; which, unless otherwise stated, would be the Data Date.

      Mathematically

      IMG
  • CV%

    • Cost Variance (Percentage)

      An EVM term representing a normalised variance between the Costs Incurred during the conduct of work and the apparent "Value" of that work

      Mathematically

      IMG
  • DD

    • Data Date

      A Network/Plan term for the Data Date (or Status Date) applied during a Network Scheduling Event

  • EAC

    • Estimate At Complete

      A Budgetary Control or EVM term indicating the projected Total Budgetary Requirements of a Body of Work (BoW).

  • ES

    • Earned Schedule

      An EVM term indicating a purely time-based derivation of the Schedule Performance Metrics.

  • ETC

    • Estimate To Complete

      A Budgetary Control or EVM term indicating the projected Budgetary Requirements for incomplete work within a Body of Work (BoW).

  • EV

    • Earned Value

      EV is the budgeted amount (units or fiscal-value) for the work actually completed within a Body of Work (BoW) up to a specified point in time; which, unless otherwise stated, would be the Data Date.

  • EVM

    • Earned Value Management

      Definition To Be Provided.....

  • EVMS

    • Earned Value Management System

      Definition To Be Provided.....

  • FM

    • Factored Mean

      Definition to be provided

  • IEAC

    • Independent Estimate At Complete

      Definition To Be Provided.....

  • IECD

    • Independent Estimate of Completion Date

      Definition To Be Provided.....

      Mathematically

      IMG
  • IED

    • Independent Estimate of Duration (At Completion)

      Definition To Be Provided.....

      Mathematically

      IMG
  • IEDCR

    • Independent Estimate of Duration (At Completion)

      Definition To Be Provided.....

      Mathematically

      IMG
  • MR

    • Management Reserve

      Desc. TBC

  • OBS

    • Organisational Breakdown Structure

      Desc. TBC

  • OTB

    • Over Target Baseline

      Desc. TBC

  • PD

    • Project Duration

      Definition To Be Provided.....

  • PDWR

    • Planned Duration of Work Remaining

      Definition To Be Provided.....

      Mathematically

      IMG
  • PMB

    • Performance Management Baseline / Performance Measurement Baseline

      Definition To Be Provided.....

  • PR

    • Project Reserve

      Definition To Be Provided.....

  • PSD

    • Project Start Date

      Definition To Be Provided.....

  • PV

    • Planned Value

      PV is the budgeted cost (units or fiscal-value) for the work intended to be complete on a Body of Work (BoW) up to a specified point in time; which, unless otherwise stated, would be the Data Date.

  • RM

    • Responsible Manager

      Desc. TBC

  • SoW

    • Statement of Work

      Definition To Be Provided.....

  • SPIT

    • Schedule Performance Index (Time-based)

      Definition To Be Provided.....

      Mathematically

      IMG
  • SPIV

    • Schedule Performance Index (Value-Based)

      Definition To Be Provided.....

      Mathematically

      IMG
  • SVT

    • Schedule Variance (Time Based)

      An EVM(ES) term; SVT is the time-domain difference between the Earned Value (EV) and the point in time where the Planned Value (PV) equals that of the Earned Value (EV) of a Body of Work (BoW).

      EV is normally stated in terms of an applicable Data Date. The date at which PV=EV is not normally the Data Date

      Mathematically

      IMG

      Where:

      • D(PV=EV) is the Date at which PV = EV
      • D(PS) is the date of Project Start
      • D(EV) is the date at which the EV is being analysed

      Interpretation:

      • SVT >1: Over Performing Against Baseline Schedule
      • SVT =0: Performing As Per Baseline Schedule
      • SVT <1: Under Performing Against Baseline Schedule
  • SV%T

    • Schedule Variance Percentage (Time-Based)

      An EVM(ES) term representing a normalised duration variance between the Earned Value and a point in time where the Planned Value equals the current Earned Value.

      Mathematically

      IMG
  • SVV

    • Schedule Variance (Value Based)

      An EVM term; SVV is the difference between the Earned Value (EV) and the Planned Value (PV) of a Body of Work (BoW) at a specific point in time; which, unless otherwise stated, would be the Data Date.

      Mathematically

      IMG
  • SV%V

    • Schedule Variance (Percentage)

      An EVM term representing a normalised apparent duration variance between the Earned Value and the Planned Value of a Body of Work (BoW).

      Mathematically

      IMG
  • TAB

    • Total Allocated Budget

      Desc. TBC

  • TCCPI

    • To-Complete Cost Performance Index

      An EVM term representing the fiscal efficiency that must be achieved in the conduct of remaining work within a Body of Work (BoW) to ensure that the Total Allocated Budget is not overspent

      Mathematically

      IMG
  • TCSPIV

    • To-Complete Schedule Performance Index (Value-Based)

      An EVM term representing the fiscal efficiency that must be achieved in the conduct of remaining work within a Body of Work (BoW) to ensure that the Budgeted Project Duration is not overrun

      Mathematically

      IMG
  • TCSPIT

    • To-Complete Schedule Performance Index (Time-Based)

      An EVM(ES) term representing the time-based efficiency that must be achieved in the conduct of remaining work within a Body of Work (BoW) to ensure that the Budgeted Project Duration is not overrun

      Mathematically

      IMG
  • UB

    • Undistributed Budget

      Desc. TBC

  • VAC

    • Variance At Complete

      Definition To Be Provided.....

      Mathematically

      IMG
  • VAC%

    • Variance At Complete (Percentage)

      Definition To Be Provided.....

      Mathematically

      IMG
  • VE

    • Value yet to be Earned

      Desc. TBC

  • WBS

    • Work Breakdown Structure

      Desc. TBC