- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The monetary value or price of a project activity or component that includes the monetary worth of the resources required to perform and complete the activity or component, or to produce the component. A specific cost can be composed of a combination of cost components, including direct labor hours, other direct costs, indirect labor hours, other indirect costs, and purchased price. (However, in the earned value management methodology, in some instances, the term cost can represent only labor hours without conversion to monetary worth.) See also actual cost and estimate.
Industry:Business services
A set of interrelated actions and activities performed to achieve a specified set of products, results, or services.
Industry:Business services
A risk response planning technique that shifts the impact of a threat to a third party, together with ownership of the response.
Industry:Business services
(1) Any contractor having a contract directly with the owner.
Industry:Business services
The likelihood of occurrence. In the context of project risk, a measure of the likelihood of a risk occurring.
Industry:Business services
The process of influencing the factors that creates variances, and controlling changes to the project budget.
Industry:Business services
An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item. Additional words for products are material and goods. Contrast with result and service. See also deliverable.
Industry:Business services
The process of developing an approximation of the cost of the resources needed to complete project activities.
Industry:Business services
A collection of generally sequential, non-overlapping product phases whose names and numbers are determined by the manufacturing and control needs of the organization. The last product life cycle phase for a product is generally the product’s deterioration and death. Generally, a project life cycle is contained within one or more product life cycles.
Industry:Business services
A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Programs may include elements of related work outside the scope of the discrete projects in the program.
Industry:Business services
