Control Account

Control Account
A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.
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Corrective Action

Corrective Action
An intentional activity that realigns the performance of the project work with the project management plan.
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Cost Management Plan

Cost Management Plan
A component of a project or program management plan that describes how costs will be planned, structured, and controlled.
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Cost Performance Index (CPI)

Cost Performance Index (CPI)
A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.
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Cost Variance

Cost Variance
The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost.
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Crashing

Crashing
A technique used to shorten the schedule duration for the least incremental cost by adding resources.
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Critical Chain Method

Critical Chain Method
A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties.
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Critical Path

Critical Path
The sequence of activities that represent the longest path through a project, which determines the shortest possible duration.
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Critical Path Activity

Critical Path Activity
An activity on the critical path in a project schedule.
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Critical Path Method

Critical Path Method
A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.
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