The total planned cost of the project is computed before the project work begins. This metric is called the:
A) Planned Value (PV)
B) Budget At Completion (BAC)
C) Actual Cost (AC)
D) Expected Time Complete (ETC)
E) Estimate at Completion (EAC)

Question

Quizplus · Accepted Answer

The Budget At Completion (BAC) is the total planned cost of the project and is calculated before the project work begins. It includes all the planned costs of the project, including direct costs, indirect costs, and contingency reserves. The other options, Planned Value (PV), Actual Cost (AC), Expected Time Complete (ETC), and Estimate at Completion (EAC) are all calculations made during the project execution to assess the project performance and progress.

The Total Planned Cost of the Project Is Computed Before