BAC – Budget at Completion (How much at initial planned)
EVM - Earned Value Management
EV - Earned Value (Budgeted Cost of the Work Performed (BCWP))
AC - Actual Cost (Actual Cost of Work Performed (ACWP))
CPI - Cost Performance Index
SPI - Schedule Performance Index
EAC - Estimate at Completion
ETC - Estimate To Complete (When the project starts, the EAC is equal to the ETC. As the project progresses, the ETC decreases; in the end, it becomes zero
VAC - Variance at Completion
TCPI - To Complete Performance Index
Analogous estimating - Uses the values of parameters such as scope, cost, budget, and duration from a previous similar activity as the basis of activity.
Parametric estimating - Use benchmarking. Require pass experience. Top-down. Statistical estimation use pass data.
Three-point estimate - estimate (PERT – Program Evaluation and Review Technique) Use benchmarking
Bottom-up Estimating - Use pass experience. control the cost at the work package level