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Project Management Glossary - Washington State …

PPRROOJJEECCTT MMAANNAAGGEEMMEENNTT GGLLOOSSSSAARRYY OOFF TTEERRMMSS CCoonntteennttss ACRONYMS .. 3 A .. 6 B .. 7 C .. 8 D .. 15 E .. 17 F .. 19 G .. 21 H .. 21 I .. 21 J .. 22 K .. 22 L .. 22 M .. 23 N .. 25 O .. 25 P .. 26 Q .. 34 R .. 35 S .. 38 T .. 43 U .. 45 V .. 45 W .. 46 X .. 47 Y .. 48 Z .. 48 Project Management Glossary OF TERMS PAGE 3 FALL 2007 AACCRROONNYYMMSS AASHTO American Association of State Highway and Transportation Officials ACEC American Council of Engineering Companies ACWP Actual Cost of Work Performed AFRS Agency Financial Reporting System API Applications Programming Interface B/C Benefit/Cost BAC Budget At Completion BASS Budget and Allotment Support System BCWP Budgeted Cost of Work Performed BCWS Budgeted Cost of Work Scheduled BIC Ball-in-Court BMP Best Management Practices BPM Business Process Manager CAP Control Account Plan CAPS Contract Administration and Payment System CCIS Construction Contracts Information System CEVP Cost Estimate Validation Process CIPP Capital Improvement and Preservation Program CN Construction Phase COTS Commercial Off-the-Shelf CTS Commitment Tracking System CVL Controlled Vocabulary List CPI Cost

PROJECT MANAGEMENT GLOSSARY OF TERMS PAGE 8 FALL 2007 Budget The approved estimate for the project or any work breakdown structure component or any schedule activity. Budget at Completion (BAC) The sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity.The …

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