Acronyms for the Project Management Professional (PMP) Exam

ACRONYM

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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
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

ACRONYM

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REMARKS

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

ACRONYM

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REMARKS

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

ACRONYM

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REMARKS

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
9×5 9 Knowledge Areas x 5 Process Groups Jargon

Acronyms related to PMP Re-certification (for certified PMPs)

ACRONYM

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REMARKS

CCR Continuing Certification Requirements
CEU Continuing Education Unit
PDU Professional Development Unit
SDL Self-Directed Learning
SIG Specific Interest Group

Acronyms related to other PMI certifications

ACRONYM

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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