Project management

Project management

Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.

Industry: Business services

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Project management

Time and material (T&M) contract

Business services; Project management

A type of contract that is a hybrid contractual arrangement containing aspects of both cost-reimbursable and fixed-price contracts. Time and material contracts resemble cost-reimbursable-type ...

Agreement

Business services; Project management

A legal document that binds two or more parties to specific and implied obligations (e.g., a contract).

Projectized organisation

Business services; Project management

Any organisational structure in which the project manager has full authority to assign priorities, apply resources, and direct the work of persons assigned to the project.

Flowcharting

Business services; Project management

The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system.

An analytical technique that uses mathematical models to forecast future outcomes based on historical results. It is a method of determining the variance from a baseline of a budget, cost, schedule, ...

Actual cost (AC)

Business services; Project management

Total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity or work breakdown structure component. Actual cost can sometimes be ...

Project time management

Business services; Project management

A subset of project management that includes the processes required to ensure timely completion of the project. It consists of activity definition, activity sequencing, activity duration estimating, ...