What is BAC (Budget at Completion) in Project Management?

What is BAC (Budget at Completion) in Project Management?

Budget at Completion (BAC) is a measure that is often used in Earned Value Management?to track the actual cost of a project against its forecasted budget. It is calculated at the start of a project based on the project work and its individual components.?

It can be used alongside the Planned Value Metric?to determine whether the project’s budget is on track based on a specific point in its lifecycle. For example, if the project’s BAC is $120,000 and it is 20% of the way done, you would calculate Planned Value by multiplying $120,000 x 20% = $24,000.