PMP Project Management Professional Study Guide, Third Edition (Certification Press)
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- Utility function
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A person's willingness to accept risk.
- Value added change
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A change that positively impacts either the scope, schedule, or cost of a project without adversely impacting the other two aspects.
- Variance
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The difference between what was planned and what was experienced; typically used for costs and schedules.
- Variance at Completion
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The difference between the BAC and the EAC; its formula is VAC= BAC-EAC
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