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In January 2008, Revised PACE Codes of Practice A-E Came

question 12

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In January 2008, revised PACE Codes of Practice A-E came into force. Match up the Code to what is relates t
-Code B


Definitions:

Earned Value Management

A project management technique that combines measurements of project scope, schedule, and cost performance to assess project progress and performance.

Actual Cost

The total amount of money that has been spent on a project or activity up to a specific point in time.

Budgeted Cost

The estimated financial expenditure allocated for a project or a specific activity within a project.

Planned Value

The budgeted cost of work scheduled to be completed by a specific point in time during a project.

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