Planning packages that delineate the scope, schedule, and budget (incrementally, cumulative to date, and at
completion) for specific future tasks within the control account; and
Estimates to complete, which should be time phased and may lead to an up-to-date representation of the total
expected funding needed (the estimate at completion [EAC]).
3.4.3 BUDGET VERSUS FUNDING
One of the key aspects of EVM is the specific terminology related to budget and funds. Budget is a work planning
element that is earned (i.e., the EV) when the corresponding work is completed. Funds (i.e., remaining funds) are
the amount of money that is available ...
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