- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The action of the owner accepting the work from the contractor when the owner deems the work completed in accordance with the contract requirements. The owner when making the final payment to the contractor confirms final acceptance.
Industry:Business services
An integrated set of regularly interacting or interdependent components created to accomplish a defined objective, with defined and maintained relationships among its components, and the whole producing or operating better than the simple sum of its components. Systems may be either physically process-based or management process based, or more commonly a combination of both. Systems for project management are composed of project management processes, techniques, methodologies, and tools operated by the project management team.
Industry:Business services
The point at which both parties to a contract declare the other has satisfactorily completed its responsibilities under the contract.
Industry:Business services
An imposed date that constrains or otherwise modifies the schedule network analysis.
Industry:Business services
Factors that may cause a failure to meet the project’s objectives. Risks may be associated with opportunities. Risk is the product of the probability of an event occurring, times its impact if it did. Risks exist as a consequence of uncertainty.
Industry:Business services
A final site review of the project by the contractor, owner, or owner’s authorised representative prior to issuing the final certificate for payment.
Industry:Business services
The date that work is planned (targeted) to finish on a schedule activity.
Industry:Business services
The planned dates for performing schedule activities and the planned dates for meeting schedule milestones.
Industry:Business services
The last payment from the owner to the contractor of the entire unpaid balance of the contract sum, as adjusted by any approved change orders.
Industry:Business services
A schedule adopted for comparison purposes during schedule network analysis, which can be different from the baseline schedule. See also baseline.
Industry:Business services
