Contingency plan

A plan for backup procedures, emergency response, and post-disaster recovery. Synonym disaster recovery plan. 2. A plan maintained for emergency response, backup operations, and ...

contingency planning

Military; General military

The Joint Operation Planning and Execution System planning activities that occur in noncrisis situations. The Joint Planning and Execution Community uses contingency planning to ...

contingency plan

Software; Productivity software

A plan for addressing recognized risks that may arise during the course of a project. The plan identifies alternative strategies to be used to ensure project success if specified ...

contingency plan

Oil & gas; Oilfield

A key component of the operational planning process that takes account of reasonably foreseeable events that may prevent completion of normal operations. The formal plans and ...

simulation

Business services; Project management

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 ...

project life cycle

Business services; Project management

A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organization or organizations involved in the project. A ...

direct costs

Business services; Project management

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, ...

skill

Business services; Project management

Ability to use knowledge, a developed aptitude, and/or a capability to effectively and readily execute or perform an activity.

project management (PM)

Business services; Project management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

direct labor costs

Business services; Project management

Costs accruing from expended labor excluding the bonus portion of overtime, insurances, and payroll taxes.

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Industry/Domain: Energy Category: Energy trade

Strategic Petroleum Reserve (SPR)

A U.S. stockpile of petroleum that was created as a counter measure after the 1973 energy crisis in which an Arab led oil embargo halted oil exports ...