- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The document that sets out the format and establishes the activities and criteria for planning, structuring, and controlling the project costs. A cost management plan can be formal or informal, highly detailed or broadly framed, based on the requirements of the project stakeholders. The cost management plan is contained in, or is a subsidiary plan of, the project management plan.
Industry:Business services
The document that establishes criteria and the activities for developing and controlling the project schedule. It is contained in, or is a subsidiary plan of, the project management plan. The schedule management plan may be formal or informal, highly detailed or broadly framed, based on the needs of the project.
Industry:Business services
The features and functions that characterize a product, service, or result.
Industry:Business services
A measurement of cost efficiency on a project. It is the ratio of earned value (EV) to actual cost (AC). CPI = EV divided by AC. A value equal to or greater than one indicates a favorable condition, and a value less than one indicates an unfavorable condition.
Industry:Business services
A significant event in the project schedule, such as an event restraining future work or marking the completion of a major deliverable. A schedule milestone has zero duration. Sometimes called a milestone activity. See also milestone.
Industry:Business services
The documented narrative description of the product scope.
Industry:Business services
A type of cost reimbursable contract where the buyer reimburses the seller for the seller's allowable costs for performing the contract work, and seller also receives a fee calculated as an agreed upon percentage of the costs. The fee varies with the actual cost.
Industry:Business services
A model used in conjunction with manual methods or project management software to perform schedule network analysis to generate the project schedule for use in managing the execution of a project. See also project schedule.
Industry:Business services
A professional firm and/or individual who is professionally engaged in an engineering discipline.
Industry:Business services
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), plus a fixed amount of profit (fee).
Industry:Business services
