Glossary of Earned Value Management Terms

V

Subsections:

VAC

see variance at completion .

VAC%

see variance at completion percentage .

variance at completion (VAC)

the difference between the original budget and the current estimate at completion: $\mi{VAC} = \mi{BAC} - \mi{EAC}$.

variance at completion percentage (VAC%)

the variance at completion relative to the budget at completion: $\mi{VAC\% } = \frac{\mi{VAC}}{\mi{BAC}}$.