Microsoft Office Tutorials and References
In Depth Information
Atual: The cost of the percentage of work that has been completed on a task.
ACWP (actual cost of work performed): Cost of the actual, real work done
on a project to date, plus any fixed costs.
ALAP (as late as possible): A constraint put on a task’s timing to make the
task occur as late as possible in the project schedule, taking into account any
dependency relationships. See also dependency.
ASAP (as soon as possible): A constraint put on a task’s timing to make the
task occur as early as possible in the project schedule, taking into account
any dependency relationships. See also dependency.
BAC (budget at completion): The sum total of all costs involved in
completing a task. See also baseline cost.
baseline: The detailed project plan against which actual work is tracked.
baseline cost: The total planned costs for a project’s tasks, before any actual
costs are incurred.
BCWP (budgeted cost of work performed): Also called earned value, this
term refers to the value of work that has been completed. For example, a task
with $1,000 of costs accrues a BCWP of $750 when it’s 75 percent complete.
BCWS (budgeted cost of work scheduled): The percentage of the plan that’s
completed multiplied by the planned costs. This calculated value totals a
task’s completed work and its remaining planned costs.
booking type: A category for resources that specifies whether they are
committed to the project or simply proposed to be involved.
calendar: The various settings for hours in a workday, days in a workweek,
holidays, and nonworking days on which a project schedule is based. You can
set Project, Task, and Resource calendars.