- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
Useful work performed that does not produce a tangible product or result, such as performing any of the business functions supporting production or distribution. Contrast with product and result. See also deliverable.
Industry:Business services
A subset of project management that includes the processes required to ensure that the various elements of the project are properly coordinated. It consists of project plan development, project plan execution, and integrated change control.
Industry:Business services
When a Prime or Main contractor bids or negotiates to provide Design and Construction services for the entire construction project.
Industry:Business services
A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulations use computer models and estimates of risk, usually expressed as a probability distribution of possible costs or durations at a detailed work level, and are typically performed using the Monte Carlo analysis.
Industry:Business services
A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organisation or organisations involved in the project. A life cycle can be documented with a methodology.
Industry:Business services
The costs directly attributed to a work-scope, such as labor, material, equipment, and subcontracts, but not the cost of operations overhead and the labor, material, equipment, and subcontracts expended in support of the undertaking. Direct Costs, Hard Costs, and Construction Costs are synonymous.
Industry:Business services
Ability to use knowledge, a developed aptitude, and/or a capability to effectively and readily execute or perform an activity.
Industry:Business services
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Industry:Business services
Costs accruing from expended labour excluding the bonus portion of overtime, insurances, and payroll taxes.
Industry:Business services
Not using due diligence, care, or dispatch; characterised by slowness, sluggishness, or lack of energy.
Industry:Business services
