The ____ is the amount that was actually spent to accomplish the work that was scheduled to be performed up to that point in time.
A) total budgeted cost (TBC)
B) cumulative budgeted cost (CBC)
C) cumulative actual cost (CAC)
D) cumulative earned value (CEV)

Question

Quizplus · Accepted Answer

The cumulative actual cost (CAC) represents the actual expenditures incurred up to a particular point in time on a project. It reflects the amount that has been spent to complete the scheduled work, as compared to the budgets and schedules that were originally established. The total budgeted cost (TBC) represents the sum of all the original planned expenditures for a project, and the cumulative budgeted cost (CBC) represents the planned expenditures at a particular point in time. The cumulative earned value (CEV) represents the value of the work that has been completed up to a particular point in time, based on the original plan.

The ____ Is the Amount That Was Actually Spent to Accomplish