The Budget at Completion (BAC)is the Sum of All Budgeted

question 31

Multiple Choice

The Budget at Completion (BAC) is the sum of all budgeted values established for the work to be performed on a project.As such it is equivalent to:

• A) the total planned value of the project.
• B) the total earned value of the project.
• C) the total actual cost of the project.
• D) the total value of the work completed to date

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Definitions:

Combined Equivalent

A combined measure or assessment that brings together several different factors or values into a single, comprehensive figure.

Scheduled Payments

Periodic payments made by a borrower to a lender under the terms of a loan.

Compounded Monthly

The process of applying interest to an initial sum and the accumulated interest over time on a monthly basis.

Final Payment

The final payment is the last installment paid in a payment schedule, settling the remaining balance of a financial obligation.