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List of Acronyms

Ever found yourself surrounded by acronyms which you just don't understand?

Every industry has them and to the unacquainted can be like a whole new language as acronyms almost form full sentences.

I know I have, but have often found that when I have asked others around me, either in a meeting or asking colleagues in the office, that I am not alone in my lack of understanding.



 

Many may understand the general concept of the acronyms but can't spell out exactly what the they stand for!

 

I have often craved a list of definitions so I can truly appreciate the meaning. There are too many to list in one place but here's a few I have picked up along my career journey.


Hope you find them helpful!


Part 1

ACWP

Actual Cost of Work Performed

BAC

Budget at Completion

BCWP

Budget Cost of Work Performed

BCWR

Budget Cost of Work Remaining

BCWS

Budget Cost of Work Scheduled

BMS

Business Management System

BoE

Budget of Estimate

BoM

Bill of Materials

BoP

Bill of Production

CA

Control Account

CA

Customer Account

CAM

Control Account Manager

CAM

Customer Account Manager

CPI

Cost Performance Index

CAPA

Corrective Action Preventive Action

CAR

Corrective Action Report

CV

Cost Variance

CWBS

Cost Work Breakdown Structure

EAC

Estimate at Completion

ETC

Estimate to Complete

EF

Early Finish

EPC

Engineer Procure Construct

EPIC

Engineer Procure Install Commission

ERP

Enterprise Resource Planning

ES

Early Start

EVA

Earned Value Analysis

EVM

Earned Value Management

EVMP

Earned Value Management Plan

IBP

Integrated Business Planning

IBR

Integrated Business Review

IMP

Integrated Master Plan

ITN

Invitation to Negotiate

ITT

Invitation to Treat

MRP

Manufacturing Resource Planning

MS

Method Statement

MS

Management System

PPM

Parts Per Million

PPM

Programme Performance Management

LfE

Learning from Experiance

LRE

Latest Revised Estimate

OBS

Organisational Breakdown Structure

PB

Project/Programme Board

PMB

Performance Measurement Baseline

RAM

Responsibility Assignment Matrix

ROMP

Risk & Opportunity Management Plan

SoW

Scope of Work

SoTR

Scope of Technical Requirements

SPC

Statistical Process Control

SPI

Schedule Performance Index

SWP

Strategic Workforce Planning

Part 2

SV

Schedule Variance

TAB

Total Allocated Budget

WBS

Work Breakdown Structure

WO

Work Order

WP

Work Package

QMP

Quality Management Plan






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