Budgeted Cost of Work Performed
This term is defined in the 3rd and the 4th edition of the PMBOK.
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- Budgeted Cost of Work Scheduled
See planned value (PV). This term is defined in the 3rd and the 4th edition of the PMBOK.
- Actual Cost of Work Performed (ACWP)
See actual cost (AC). This term is defined in the 3rd and the 4th edition of the PMBOK.
- Actual Cost
The actual cost of a project represents the true total and final costs accrued during the process of completing all work during the pre-determined period of time allocated for all schedule activities as well as for all work breakdown structured components. Actual costs are primarily made up of a number of specific items including, but [...]
- Cost Variance (CV)
The term cost variance, also known by the abbreviation of CV, refers specifically to the true measurement of cost performance on a particular project. The cost variance represents the algebraic difference between the earned value of a project (also known by the abbreviation of EV), and the actual cost of the project (also known by [...]
- Cost Performance Index
The cost performance index, also referred to by the abbreviation (CPI), refers specifically to a method, chart, or other instrument that is implemented for the purposes of determining/measuring the actual cost efficiency of a project. The cost performance index is determined by measuring the ratio of earned value (also known by the abbreviation of EV) [...]