| Term | Definition |
|---|
| learning rate | the percentage of the previous worker hours per unit required for doubling the output |
| variations | the pattern of deviations in costs and usage used for exception reporting to management |
| program budgeting | aggregating income and expenditures by project or program, often in addition to aggregation by organizational unit or activity |
| fast-tracking | overlapping the design and build phases of a project |
| heuristic | a formal process for solving a problem, like a rule of thumb, that results in an acceptable solution |
| negative | if the slope is _______ (positive or negative), as the time required to complete a project or task is decreased, the cost is increased |
| CV | =EV-AC |
| SV | =EV-PV |
| TV | =ST-AT |
| CPI | =EV/AC |
| SPI | =EV/PV |
| TPI | =ST/AT |
| CSI | =(CPI)(SPI) |
| ETC | =(BAC-EV)/CPI |
| EAC | =ETC+AC |
| computer paralysis | excessive fascination or activity with the computer rather than the project itself such that the project suffers |
| earned value | an approach for monitoring project progress that relies on the budgeted cost of activities completed to ascribe value |
| cost variance | the budgeted cost of the work performed less the actual cost of the work performed |
| schedule variance | the budgeted cost of work completed less the budgeted cost of work scheduled at this time |
| time variance | the scheduled time for the work completed less the actual time |
Combine with other sets
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