Examlex
Please define the following key terms.
-satrapy
Cost Variance
The difference between the budgeted cost of work performed and the actual cost of work performed on a project.
Estimate To Complete
A financial analysis projecting the cost required to finish a project based on its current status and past performance.
Parametric Estimates
Estimation technique using statistical relationships between historical data and variables to calculate cost, duration, and resource requirements.
Parameters
A set of boundaries or limits that define the scope and operating conditions of a system, project, or experiment.
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