The cost incurred for completing a scheduled task or WBS component is the
A) Planned Value (PV)
B) Budget At Completion (BAC)
C) Actual Cost (AC)
D) Expected Time Complete (ETC)
E) Estimate at Completion (EAC)

Question

Quizplus · Accepted Answer

The cost incurred for completing a scheduled task or WBS component is the Actual Cost (AC). The other options given are not directly related to the cost incurred for completing a task. Planned Value (PV) is the authorized budget assigned to scheduled work. Budget At Completion (BAC) is the total budget allocated for the entire project. Expected Time Complete (ETC) is the estimated time required to complete the remaining work, and Estimate At Completion (EAC) is the expected cost of completing all the remaining work for the project.

The Cost Incurred for Completing a Scheduled Task or WBS