Budget At Completion

From PEaM

Budget At Completion (BAC)

1. The sum of all budgets established for the contract.^[1]
2. The sum of all budgets established for the work to be performed on a project or a Work Breakdown Structure component or a schedule activity. The total planned value of the project.^[2]

See also

• Earned value management
• Earned value technique
• Total Allocated Budget

References

1. ↑ Defense Acquisition University (2005). Defense Acquisition Acronyms and Terms Glossary, 12th, Defense Acquisition University.
2. ↑ Project Management Institute (2008). A Guide to The Project Management Body of Knowledge, 4th, Project Management Institute.

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