1 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
Add a new termContributors in Project management
Project management
Change
Business services; Project management
A systematic way of reaching an intended outcome. Philosophically, change is what project management is all about.
Reserve analysis
Business services; Project management
An analytical technique to determine the essential features and relationships of component s in the project management plan to establish a reserve for the schedule duration, budget, estimated cost, ...
Late start date (LS)
Business services; Project management
In the critical path method, the latest possible point in time that a schedule activity may begin based upon the schedule network logic, the project completion date, and any constraints assigned to ...
Work breakdown structure (WBS)
Business services; Project management
A deliverable -oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables. It organises and defines ...
Lead
Business services; Project management
A modification of a logical relationship that allows an acceleration of the successor activity. For example, in a finish-to-start dependency with a ten-day lead, the successor activity can start ten ...
Work order (WO)
Business services; Project management
A written order, signed by the owner or his representative, of a contractual status requiring performance by the contractor without negotiation of any sort.
Budget at completion (BAC)
Business services; Project management
The sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity. The total planned value of the project.
