Match the terms with the definitions Actual Cost of Work Performed Budgeted Cost
ID: 347455 • Letter: M
Question
Match the terms with the definitions
Actual Cost of Work Performed
Budgeted Cost of Work Performed
Budgeted Cost at Completion
Cost Performance Index
Cost Variance
Estimated Cost at Completion
Schedule Performance Index
Schedule Variance
Budgeted Cost of Work Scheduled
Provides an indication of scheduling deviance in terms of dollars of work
Provides an indication of the status of the project in terms of cost
Ratio directly compares budgeted costs to actual costs based on work performed
Forecast of the total actual costs required to complete a project based on performance to date and estimates of future conditions
Indicates what the budgeted costs are for the work actually performed to date
Developed at the outset of the project and involves assigning to activities the amount budgeted for every activity
Ratio provides a direct relationship between work performed and work scheduled based on budgeted costs
Total costs actually incurred and recorded in accomplishing work performed during a given time period
Original cost estimate of the total cost of construction
- A. B. C. D. E. F. G. H. I.Actual Cost of Work Performed
- A. B. C. D. E. F. G. H. I.Budgeted Cost of Work Performed
- A. B. C. D. E. F. G. H. I.Budgeted Cost at Completion
- A. B. C. D. E. F. G. H. I.Cost Performance Index
- A. B. C. D. E. F. G. H. I.Cost Variance
- A. B. C. D. E. F. G. H. I.Estimated Cost at Completion
- A. B. C. D. E. F. G. H. I.Schedule Performance Index
- A. B. C. D. E. F. G. H. I.Schedule Variance
- A. B. C. D. E. F. G. H. I.Budgeted Cost of Work Scheduled
A.Provides an indication of scheduling deviance in terms of dollars of work
B.Provides an indication of the status of the project in terms of cost
C.Ratio directly compares budgeted costs to actual costs based on work performed
D.Forecast of the total actual costs required to complete a project based on performance to date and estimates of future conditions
E.Indicates what the budgeted costs are for the work actually performed to date
F.Developed at the outset of the project and involves assigning to activities the amount budgeted for every activity
G.Ratio provides a direct relationship between work performed and work scheduled based on budgeted costs
H.Total costs actually incurred and recorded in accomplishing work performed during a given time period
I.Original cost estimate of the total cost of construction
Explanation / Answer
Actual Cost of Work Performed - H. Total costs actually incurred and recorded in accomplishing work performed during a given time period
Budgeted Cost of Work Performed - E. Indicates what the budgeted costs are for the work actually performed to date
Budgeted Cost at Completion - I. Original cost estimate of the total cost of construction
Cost Performance Index - C. Ratio directly compares budgeted costs to actual costs based on work performed
Cost Variance - B. Provides an indication of the status of the project in terms of cost
Estimated Cost at Completion - D.Forecast of the total actual costs required to complete a project based on performance to date and estimates of future conditions
Schedule Performance Index - G. Ratio provides a direct relationship between work performed and work scheduled based on budgeted costs
Schedule Variance - A. Provides an indication of scheduling deviance in terms of dollars of work
Budgeted Cost of Work Scheduled - F. Developed at the outset of the project and involves assigning to activities the amount budgeted for every activity