CAPM (Certified Associate in Project Management) Practice Exam

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Study for the CAPM Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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What does BAC stand for?

Budget after completion
Baseline at completion
Budget at completion
Baseline against cost

The correct answer is: Budget at completion

BAC stands for Budget at Completion, which is one of the most widely used acronyms in project management. It refers to the total budget that is allocated for a project, including all costs and expenses. Option A, Budget after completion, is incorrect because it refers to a budget after the project has been completed, which is not relevant in project management. Option B, Baseline at completion, is incorrect because the baseline refers to the initial plans and estimates before the project begins, not at completion. Option D, Baseline against cost, is incorrect because it does not accurately describe what BAC stands for and is not a commonly used term in project management. Therefore, the correct answer is C, Budget at Completion, which accurately describes the total budget allocated for a project.