vault backup: 2026-05-23 01:26:08

earned-value-management.md

@@ -10,3 +10,50 @@ tags:
 is a [[project-management]] technique
 ...
 
+## Terms
+
+### Schedule
+
+[**schedule**](https://en.wikipedia.org/wiki/Schedule_(project_management))
+
+### Planned Value (PV)
+
+Also called budgeted cost of work scheduled (BCWS),
+**planned value** is the valuation of planned work
+at a particular time or for some particular scope.
+
+### Budget at Completion (BAC)
+
+**Budget at completion** is the sum of all planned value for the project.
+It was the expected cost for the project before work began.
+That is, at project start, BAC = EAC.
+
+That is not to say that BAC is fixed.
+BAC must be updated with PV
+in response to changes in scope (benefits).
+
+### Earned Value 
+
+Also called budgeted cost of work performed (BCWP),
+**earned value**...
+
+### Actual Cost (AC)
+ 
+Also called actual cost of work performed (ACWP),
+**actual cost**...
+
+### Estimate to Complete (ETC)
+
+**Estimate to complete** is the expected cost
+to complete the project's remaining work.
+This cost is intended to be based on a new,
+or at least modified estimate,
+with adjustments made to account for new information.
+
+### Estimate at Completion (EAC)
+
+**Estimate at completion**
+
+$$
+\rm EAC = AC + ETC
+$$