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

Planned value (PV)

Business services; Project management

The authorised budget assigned to the scheduled work to be accomplished for a schedule activity or work breakdown structure component. Also referred to as the budgeted cost of work scheduled.

Constructability

Business services; Project management

The optimising of cost, time, and quality factors with the material, equipment, construction means, methods, and techniques used on a project; accomplished by matching owner values with available ...

Programme management office (PMO)

Business services; Project management

The centralised management of a particular programme or programmes such that corporate benefit is realised by the sharing of resources, methodologies, tools, and techniques, and related high-level ...

Cost variance (CV)

Business services; Project management

A measurement of cost performance on a project. It is the algebraic difference between the earned value (EV) and actual cost (AC). CV = EV minus AC. A positive value indicates a favourable condition ...

Scheduled start date (SS)

Business services; Project management

The point in time that work was scheduled to start on a schedule activity. The scheduled start date is normally within the range of dates delimited by the early start date and the late start date. It ...

Progress meeting

Business services; Project management

A meeting dedicated essentially to contractor progress during the construction phase.

Crashing

Business services; Project management

A specific type of project schedule compression technique performed by taking action to decrease the total project schedule duration after analysing a number of alternatives to determine how to get ...