Linguistic problems in Earned Value Management Cover Image

Problemy językowe w Earned Value Management
Linguistic problems in Earned Value Management

Author(s): Jarosław Kujawski
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: planned value; actual cost; distributed budget; contingency reserve

Summary/Abstract: This paper discuses the terminology presented by the revised Practice Standard for Earned Value Management issued by the Project Management Institute in 2011. Special attention is given to the terms of Planned Value and Actual Cost which replaced the well-known Budgeted Cost of Work Scheduled and Actual Cost of Work Performed, respectively. Next, terms relating directly to project budget are taken into account, such as: Budget At Completion, Performance Measurement Baseline, Distributed Budget, Undistributed Budget, Project Budget Base and Summary Level Planning Budget. Further, some constructive criticism is expressed when analyzing notions of Contingency Reserve and Management Reserve. In author’s opinion it would be consistent if the standard operated a comprehensive terminology of Budgeted Cost, Earned Value and Actual Costs. The author points out that even the standard setters are inconsistent in reference to the Planned Value term which seems to be a wrong proposal for what should be better referred to as Planned Cost or Budgeted Costs. Linguistic suggestions of the Polish usage of the mentioned English terminology are put forward in the conclusion.

  • Issue Year: 2013
  • Issue No: 291
  • Page Range: 298-307
  • Page Count: 10
  • Language: Polish
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