In earned value analysis,BAC refers to the __________.
A)budgeted annual cost
B)budget at completion
C)budget at close-out
D)big annual cost

Question

Quizplus · Accepted Answer

BAC stands for budget at completion, which refers to the total budgeted cost for a project or work package. It represents the original estimate of the total cost of the project, including both direct and indirect costs, and is used as a baseline against which actual costs can be compared in earned value analysis. Option A is incorrect because it refers to a specific type of cost, whereas BAC represents the total budget. Option C is not a recognized term in earned value management. Option D is not a valid term in earned value management and is too vague overall.

In Earned Value Analysis,BAC Refers to the __________