- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
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Documented direction to perform an activity that can reduce the probability of negative consequences associated with project risks
Industry:Business services
A professional firm and/or individual who is professionally engaged in an engineering discipline.
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
Any schedule activity on a critical path in a project schedule. Most commonly determined by using the critical path method. Although some activities are "critical" in the dictionary sense, without being on the critical path, this meaning is seldom used in the project context.
Industry:Business services
A temporary endeavor undertaken to create a unique product, service, or result.
Industry:Business services
Generally, but not always, the sequence of schedule activities that determines the duration of the project. Generally, it is the longest path through the project. However, a critical path can end, for example, on a schedule milestone that is in the middle of the project schedule and that has a finish-no-later-than imposed date schedule constraint. See also critical path method.
Industry:Business services
The amount and distribution of money allocated to a project.
Industry:Business services
A schedule network analysis technique used to determine the amount of scheduling flexibility (the least amount of float) on various logical network paths in the project schedule network, and to determine the minimum total project duration. Early start and finish date are calculated by means of a forward pass using a specified start date. Late start and finish dates are calculated by means of a backward pass, starting from a specified completion date, which sometimes is the project early finish date determined during the forward pass calculation.
Industry:Business services
The person or organization that will use the project’s product or service or result. See also user.
Industry:Business services
The decision tree is a diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives. It is used when some future scenarios or outcomes of actions are uncertain. It incorporates probabilities and the costs or rewards of each logical path of events and future decisions, and uses expected monetary value analysis to help the organization identify the relative values of alternate actions.
Industry:Business services
