- Industry: Government
- Number of terms: 5883
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An estimating technique that uses a statistical relationship between historical data and other variables (e.g., square footage in construction, lines of code in software development) to calculate an estimate for activity parameters, such as scope, cost, budget, and duration. This technique can produce higher levels of accuracy depending upon the sophistication and the underlying data built into the model. An example for the cost parameter is multiplying the planned quantity of work to be performed by the historical cost per unit to obtain the estimated cost.
Industry:Business services
A written instrument that creates and defines the franchises of a city, educational institution, or corporation.
Industry:Business services
A project schedule whose schedule activity, scheduled start dates and scheduled finish dates reflect expected resource availability. A resource-limited schedule does not have any early or late start or finish dates. The resource-limited schedule total float is determined by calculating the difference between the critical path method late finish date and the resource-limited scheduled finish date. Sometimes called resource constrained schedule. See also resource leveling.
Industry:Business services
A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause.
Industry:Business services
Items listed together for convenience of comparison, or to ensure the actions associated with them are managed appropriately and not forgotten. An example is a list of items to be inspected that is created during quality planning and applied during quality control.
Industry:Business services
Determining what resources(people, equipment, materials) are needed in what quantities to perform project activities.
Industry:Business services
The merging or joining of parallel schedule network paths into the same node in a project schedule network diagram. Path convergence is characterized by a schedule activity with more than one predecessor activity.
Industry:Business services
A request, demand, or assertion of rights by a seller against a buyer, of vice versa, for consideration, compensation, or payment under the terms of a legally binding contract, such as for a disputed change.
Industry:Business services
The duties, assignments, and accountability for results associated with a designated position in the organization.
Industry:Business services
Extending or generating parallel schedule network paths from the same node in a project schedule network diagram. Path divergence is characterized by a schedule activity with more than one successor activity.
Industry:Business services
