difference between BAC and PMB
Submitted by abdsal on Fri, 05/03/2013 - 19:30
Dear all ,
Kindly clear my doubt.
I had a mock exam question.
A railroad construction project is under execution. The project manager is using Earned value Technique to measure the project performance. The total planned value of the project is known as:
A. Performance measurement baseline
B.Earned Value
C. Budget at completion
D. Estimate at Completion.
my answer was A but the key gave choice C Budget at completion.
also gave the reference PMBOK page no : 182. first para last sentence
"Planned value. Planned value (PV) is the authorized budget assigned to the work to be accomplished
for an activity or work breakdown structure component. It includes the detailed authorized work,
plus the budget for such authorized work, allocated by phase over the life of the project. The total
of the PV is sometimes referred to as the performance measurement baseline (PMB). The total
planned value for the project is also known as Budget At Completion (BAC)."
when I read this paragraph. I got really confused. I cant differentiate between the last Two Paragraphs.
The total of the PV is sometimes referred to as the performance measurement baseline (PMB).
The total planned value for the project is also known as Budget At Completion (BAC)."
What is the exact difference between the PMB and BAC?
Forums:
crushPMP
Sat, 05/04/2013 - 01:19
Permalink
Answer is definitely C.
Answer is definitely C. BAC
PMB is a combination of scope baseline + schedule baseline + cost baseline