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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

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.

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The Complete Glossary of 614 Project Management Terms

Workamajig

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. Budget Cost: The cost of the project estimated at the start of the project. Note that the budget cost is not the same as the budget.