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PMBOK Acronyms
Common Project Management Acronyms
54
Business
Professional
03/20/2013
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Term
AC
 Definition
Actual cost
Term
ACWP
 Definition
Actual cost of work performed
Term
BAC
 Definition
Budget at completion
Term
BCWP
 Definition
Budgeted cost of work performed
Term
BCWS
 Definition
Budgeted cost of work scheduled
Term
CCB
 Definition
Change control board
Term
COQ
 Definition
Cost of quality
Term
CPAF
 Definition
Cost plus award fee
Term
CPF
 Definition
Cost plus fee
Term
CPFF
 Definition
Cost plus fixed fee
Term
CPI
 Definition
Cost performance index
Term
CPIF
 Definition
Cost plus incentive fee
Term
CPM
 Definition
Critical path methodology
Term
CV
 Definition
Cost variance
Term
EAC
 Definition
Estimate at completion
Term
EF
 Definition
Early finish
Term
EMV
 Definition
Expected monetary value
Term
ES
 Definition
Early state date
Term
ETC
 Definition
Estimate to complete
Term
EV
 Definition
Earned value
Term
EVM
 Definition
Earned value management
Term
FF
 Definition
Finish to finish
Term
FFP
 Definition
Firm fixed price
Term
FMEA
 Definition
Failure mode and effect analysis
Term
FP-EPA
 Definition
Fixed price with economic price adjustment
Term
FPIF
 Definition
Fixed price incentive fee
Term
FS
 Definition
Finish to start
Term
IFB
 Definition
Invitation for bid
Term
LF
 Definition
Late finish date
Term
LOE
 Definition
Level of effort
Term
LS
 Definition
Late start date
Term
OBS
 Definition
Organizational breakdown structure
Term
PDM
 Definition
Precedence diagramming method
Term
PMBOK
 Definition
Project Management Body of Knowledge
Term
PMIS
 Definition
Project management information system
Term
PMP
 Definition
Project management professional
Term
PV
 Definition
Planned value
Term
QA
 Definition
Quality assurance
Term
QC
 Definition
Quality control
Term
RACI
 Definition
Responsible, accountable, consult, inform
Term
RAM
 Definition
Responsibility assignment matrix
Term
RBS
 Definition
Risk breakdown structure
Term
RFI
 Definition
Request for information
Term
RFP
 Definition
Request for proposal
Term
RFQ
 Definition
Request for quotation
Term
SF
 Definition
Start to finish
Term
SOW
 Definition
Statement of work
Term
SPI
 Definition
Schedule performance index
Term
SS
 Definition
Start to start
Term
SV
 Definition
Schedule variance
Term
SWOT
 Definition
Strengths, weaknesses, opportunities and threats
Term
T&M
 Definition
Time and material
Term
TQM
 Definition
Total quality management
Term
WBS
 Definition
Work breakdown structure
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