Glossary

Actual

The cost of the percentage of work that has been completed on a task.

Actual Cost of Work Performed

See ACWP.

ACWP (Actual Cost of Work Performed)

Cost of the actual, real work done on a project to date, plus any fixed costs.

ALAP (As Late As Possible)

A constraint put on a task’s timing to make the task occur as late as possible in the project schedule, taking into account any dependency relationships. See also dependency.

ASAP (As Soon As Possible)

A constraint put on a task’s timing to make the task occur as early as possible in the project schedule, taking into account any dependency relationships. See also dependency.

BAC (Budget at Completion)

The sum total of all costs involved in completing a task. See also baseline cost.

base calendar

The default calendar on which all new tasks are based, unless a resource-specific calendar is applied.

baseline

The detailed project plan against which actual work is tracked.

baseline cost

The total planned costs for a project’s tasks, before any actual costs are incurred.

BCWP (Budgeted Cost of Work Performed)

Also called earned value, this term refers to the value of work that has been completed. For example, a task with $1,000 of costs accrues a baseline value of $750 when it’s 75 percent complete.

BCWS (Budgeted Cost of Work Scheduled)

The percentage of the plan that’s completed multiplied by the planned costs. This calculated value totals a task’s completed work and its remaining planned costs.

booking type

A category for resources that specifies ...

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