Budget Event Chain Governance Study 
ProjectManager.com
AUGUST 29, 2023
C – Project Management Terms Capability Maturity Model (CMM) Developed from a US Department of Defense study, the model is used to develop and refine software processes. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun.
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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