Project Management Acronyms for PMP and CAPM certification

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1 Project Management Acronyms for PMP and CAPM certification Acronym Full Form Remarks AC Actual Cost ACWP Actual Cost of Work Performed Old term for AC ADM Arrow Diagramming Method Rarely used now ADR Alternative Dispute Resolution AE Apportioned Effort AOA Activity-on-Arrow Rarely used now AON Activity-on-Node ARMA Autoregressive Moving Average BAC Budget at Completion BARF Bought-into, Approved, Realistic, Formal From Rita Mulcahy's PMP Exam Prep BCR Benefit Cost Ratio BCWP Budgeted Cost of Work Performed Old term for EV BCWS Budgeted Cost of Work Scheduled Old term for PV CA Control Account CBR Cost Benefit Ratio CBT Computer-Based Test CCB Change Control Board CCS Change Control System Non-standard CH Contact Hours Non-standard CMMI Capability Maturity Model Integrated COC Cost of Conformance CONC Cost of Non-Conformance COQ Cost of Quality

2 CPAF Cost Plus Award Fee CPF Cost Plus Fee CPFF Cost Plus Fixed Fee CPI Cost Performance Index CPIF Cost Plus Incentive Fee CPM Critical Path Methodology CR Change Request CV Cost Variance DFD Data Flow Diagram DOE Design of Experiments DU Duration DUR Duration EAC Estimate at Completion EEF Enterprise Environmental Factors Non-standard EF Early Finish EMV Expected Monetary Value EPV Expected Present Value ES Early Start ETC Estimate to Complete EV Earned Value EVA Earned Value Analysis Economic Value Add EVM Earned Value Management EVT Earned Value Technique

3 FF Finish-to-Finish FFP Firm Fixed Price FMEA Failure Mode and Effect Analysis FP-EPA Fixed Price with Economic Price Adjustment FPIF Fixed Price Incentive Fee FS Finish-to-Start FV Future Value HR Human Resource IFB Invitation for Bid IO Inputs and Outputs Jargon IRR Internal Rate of Return ISO International Organization for Standardization ITTO Inputs, Tools, Techniques and Outputs Jargon JAD Joint Application Development (or Design) JIT Just in Time KA Knowledge Area Non-standard LF Late Finish LL Lessons Learned (or Learnt) Jargon LOE Level of Effort LS Late Start NPV Net Present Value OBS Organizational Breakdown Structure OPA Organizational Process Assets Non-standard OPM3 Organizational Project Management Maturity Model

4 PBT Paper-Based Test PDCA Plan Do Check Act PDM Precedence Diagramming Method PERT Program Evaluation and Review Technique PM Project Manager Project Management PMB Performance Measurement Baseline PMBOK Project Management Body of Knowledge PMI Project Management Institute PMIS Project Management Information System PMO Project Management Office PMP Project Management Professional PTA Point of Total Assumption PV Planned Value Present Value QA Quality Assurance QC Quality Control QFD Quality Function Deployment QP Quality Planning Non-standard RACI Responsible, Accountable, Consult, and Inform RAM Responsibility Assignment Matrix RBS Resource Breakdown Structure Non-standard Risk Breakdown Structure Standard

5 RFI Request for Information RFP Request for Proposal RFQ Request for Quotation ROI Return on Investment ROM Rough Order of Magnitude SF Start-to-Finish SME Subject Matter Expert SOW Statement of Work SPI Schedule Performance Index SS Start-to-Start SV Schedule Variance SWOT Strengths, Weaknesses, Opportunities, and Threats T&M Time and Material TCPI To-Complete Performance Index TQM Total Quality Management TT Tools and Techniques Jargon VAC Variance at Completion VE Value Engineering VOC Voice of the Customer WAS Work Authorization System WBS Work Breakdown Structure WPI Work Performance Information Non-standard 9x5 9 Knowledge Areas x 5 Process Groups Jargon

6 Acronyms related to PMP Re-certification (for certified PMPs) Acronym Full Form Remarks CCR Continuing Certification Requirements CEU Continuing Education Unit PDU Professional Development Unit SDL Self-Directed Learning SIG Specific Interest Group

7 Acronyms related to other PMI certifications Acronym Full Form Remarks CAPM Certified Associate in Project Management PgMP Program Management Professional PMI-REP PMI Registered Education Provider PMI-RMP PMI Risk Management Professional PMI-SP PMI Scheduling Professional Website

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