EVMS Terms

Question 1

ACWP

Answer 1

Actual Cost of Work Performed

Cost actually incurred in accomplishing work performed = Actual Cost

(Hours claimed/money spent)

Question 2

AUW

Answer 2

Authorized Unpriced Work

Work contractually approved, but not yet negotiated / definitized

Question 3

BAC

Answer 3

Budget at Completion

The sum of all budgets for the contract thru any given WBS/OBS level (Baseline)

Question 4

BCWP

Answer 4

Budgeted Cost of Work Performed

Value of completed work in terms of the work’s assigned budget = Earned value

(what tasks/work was completed)

Question 5

BCWS

Answer 5

Budgeted Cost for Work Scheduled

Time-phased Budget Plan for work scheduled = Planned Value

(Baseline)

Question 6

CA

Answer 6

Control Account

Lowest CWBS (contract WBS) element assigned to a single focal point to plan & control scope / schedule / budget

Question 7

CBB

Answer 7

Contract Budget Base

Sum of NCC (Negotiated Contract Cost) & AUW (Authorized Unpriced Work)

Question 8

EAC

Answer 8

Not the ‘East Australian Current’ navigated by Crush & Squirt

Estimated At Completion

Estimate of total COST for the contract thru any given level generated by
Ktr, PMO, DCMA, etc.

(Forecast after Status updated)

Question 9

ETC

Answer 9

Estimate To Complete

Estimate of the cost of remaining work

Question 10

DCMA

Answer 10

Defense Contract Management Agency

Provides contract administration services for the Department of Defense, other federal organizations and international partners, and is an essential part of the acquisition process from pre-award to sustainment.

Provides guidelines for best practices and standards to use.

Question 11

LRE

Answer 11

Latest Revised Estimate

Ktr’s EAC = Contractor’s (SDL) forecast or EAC (estimate at completion)

Question 12

MR

Answer 12

Management Reserve

Budget withheld by Ktr PM for unknowns / risk management

Question 13

Ktr

Answer 13

Contractor = SDL

Question 14

NCC

Answer 14

Negotiated Contract Cost

Contract PRICE minus profit or fee(s)

Question 15

OTB

Answer 15

Over Targeted Baseline

Sum of CBB (Contract Budget Baseline) + additional budget approved for remaining work

Question 16

PAC

Answer 16

Price At Completion

EAC (Estimate At Completion) plus adjusted profit and/or fee(s)

Question 17

PMB

Answer 17

Performance Measurement Baseline

Contract time-phased budget plan
costed schedule baseline

Question 18

PP

Answer 18

Planning Package

Far-term CA (control account) activities not yet defined into Work Packages

Question 19

SLPP

Answer 19

Summary Level Planning Package

Far-Term contract activities not yet assigned to a CA (Control Account)

Question 20

TAB

Answer 20

Total Allocated Budget

Sum of all budgets for work on contract = NCC, CBB, or OTB

Question 21

TCPI

Answer 21

To Complete Performance Index

Efficiency needed from ‘time now’ to achieve a Cost Target = BAC, LRE, or EAC

Question 22

UB

Answer 22

Undistributed Budget

Broadly defined activities not yet time-phased for distribution to CAs or SLPPs

Question 23

WP

Answer 23

Work Package

Near-term, detail planned activities within a CA (control account)

Question 24

BCWR

Answer 24

Budgeted Cost of Work Remaining (BCWR)

• represents that portion of the budget for work not yet accomplished within a Control Account. It is the difference between the Budget at Completion (BAC) and the cumulative Budgeted Cost for Work Performed (BCWP), or BAC - BCWP cum.

Question 25

CPI

Answer 25

Cost Performance Index aka Cost Efficiency

Question 26

SPI

Answer 26

Schedule Performance Index aka Schedule Efficiency

Question 27

BEI

Answer 27

Baseline Execution Index

Question 28

BOE

Answer 28

Basis of Estimate - details of what went into costing (labor, materials, equipment etc)