Difference between revisions of "Budget at Completion"

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(Created page with "Budget at Completion (BAC) is the sum of all budgets established for the work to be performed. See also actual cost (AC), earned value (EV), estimate at completion (EA...")
 
 
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==Definition==
 
==Definition==
According to [[Macroeconomics by Mankiw (7th edition)]],
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According to the [[PMI Lexicon of Project Management Terms]],
 
:[[Budget at Completion]] ([[BAC]]). The sum of all budgets established for the work to be performed. See also actual cost (AC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).
 
:[[Budget at Completion]] ([[BAC]]). The sum of all budgets established for the work to be performed. See also actual cost (AC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).
  
[[Category: Economics]][[Category: Articles]]
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[[Category: Project Management]][[Category: Articles]]

Latest revision as of 18:12, 3 July 2020

Budget at Completion (BAC) is the sum of all budgets established for the work to be performed. See also actual cost (AC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).

Definition

According to the PMI Lexicon of Project Management Terms,

Budget at Completion (BAC). The sum of all budgets established for the work to be performed. See also actual cost (AC), earned value (EV), estimate at completion (EAC), estimate to complete (ETC), and planned value (PV).