Cost Management Terminology - Assignment

In Panjshir province, the project sponsor asks the manager, “What is the total budget we originally planned to spend on this entire project?” Which cost term is being referred to?

• Budget at Completion (BAC)

• Estimate to Complete (ETC)

• Cost Baseline

• Long-range financial roadmap structured with stakeholder approvals, fiscal sequencing, and buffer-triggered thresholds

During a cost review in Takhar province, the manager estimates how much more money will be needed to finish all remaining project work based on current conditions. What is this value called?

• Estimate to Complete (ETC)

• Planned Value (PV)

• Cost Variance (CV)

• Forward-looking budget forecast model built on effort-to-date cost ratios and performance variability tracking

In Kandahar province, the finance team uses the approved time-phased budget to compare actual spending with what was planned at each point in time. Which term describes this reference point?

• Cost Baseline

• Estimate at Completion (EAC)

• Earned Value (EV)

• Timeline-aligned fiscal reference using deliverable checkpoints, progress reporting, and phase-tracked funding snapshots

While finalizing funding allocations in Baghlan province, the finance officer identifies constraints in monthly disbursements and adjusts spending to avoid exceeding those limits. Which cost management concept is being applied?

• Funding Limit Reconciliation

• Cost Baseline

• Cost Variance

• Financial pacing model using disbursement throttling, fund stream correction, and cycle-based cost containment

In Colombo, Sri Lanka, the project manager compares the value of completed work with the actual cost and finds the team is delivering more value per dollar spent than planned. Which performance metric is being calculated?

• Cost Performance Index (CPI)

• Cost Variance (CV)

• Planned Value (PV)

• Financial efficiency ratio using earned value benchmarking, output velocity, and spend-to-output calibration