Budget Event Chain Governance Strategy 
ProjectManager.com
AUGUST 29, 2023
Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. E – Project Management Terms Earned value management (EVM) A way to measure project performance, and is commonly used in government projects.
Workamajig
JANUARY 11, 2021
Audit: The process of analyzing a project to ensure that it is being governed as intended. Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed. Note that the budget cost is not the same as the budget.
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