Variance analysis - The practice of investigating deviations between planned and actual performance.
Variance at completion (VAC) - A project’s variance at completion is the difference between its budget at completion and its estimate at completion.
Vertical slice - A performance indicator that demonstrates progress across all project components or performance areas at a given point in time.
Virtual design and construction (VDC) - A method based on using technology in design and construction projects. It uses building information modeling (BIM) tools that focus on designable and manageable aspects of projects to create integrated models that predict project performance.
Virtual team - A virtual team comprises people from different organizations, locations, or hierarchies. It is not necessarily the same as a remote team, which is a group of people working together from different locations.
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