25 Terms
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Project management
Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.
Industry: Business services
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Project management
Project phase
Business services; Project management
A collection of logically-related project activities, usually culminating in the completion of a major deliverable. Project phases (also called phases) are mainly completed sequentially, but can ...
Estimate to complete (ETC)
Business services; Project management
The expected additional cost needed to complete all the remaining work for a schedule activity, work breakdown structure component, or the project. See also earned value technique and estimate at ...
Substantial completion date
Business services; Project management
The date on which a contractor reaches a point of completion, when subsequent interfacing contractors can productively begin work or the owner can occupy the project, in whole or in part, without ...
Impact
Business services; Project management
An assessment of the adverse effect of the risk occurring. Used in risk analysis as one part of the assessment of a risk, the other being likelihood.
Project management system
Business services; Project management
The aggregation of the processes, tools, techniques, methodologies, resources, and procedures to manage a project. The system is documented in the project management plan and its content will vary ...
Earned value (EV)
Business services; Project management
The value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component. Also referred to as the budgeted cost of ...
Standard
Business services; Project management
A document established by consensus and approved by a recognised body that provides, for common and repeated use, rules, guidelines, or characteristics for activities or their results, aimed at the ...
