Question
The total planned value for the project is also know as budget at completion (BAC) earned value (EV). actual cost (AC) actual value (AV)
Answer
3.7
(250 Votes)
Mabel
Professional · Tutor for 6 years
Answer
Budget at Completion (BAC)
Explanation
## Step 1:The question is asking for the term that refers to the total planned value of a project. This is a concept used in project management, particularly in cost control methodologies.## Step 2:Among the choices given, "Budget at Completion" is the term that refers to the total planned value of a project. It represents the total forecasted cost of the project and is often abbreviated as BAC.## Step 3:The other options do not correctly represent the total planned value of a project. "Earned Value" (EV) refers to the value of work actually performed as compared to the planned value of the work. "Actual Cost" (AC) is the total cost actually incurred and recorded in accomplishing work performed for a specific activity or work breakdown structure component. "Actual Value" (AV) is not a standard term used in project management.