20 Terms
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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
Add a new termContributors in Project management
Project management
Cost budgeting
Business services; Project management
The process of aggregating the estimated cost estimates of individual activities or work packages to establish a cost baseline.
Procurement documents
Business services; Project management
Those documents utilised in bid and proposal activities, which include buyer’s Invitation for Bid, Invitation for Negotiations, Request for Information, Request for Quotation, Request for Proposal, ...
Cost control
Business services; Project management
The process of influencing the factors that creates variances, and controlling changes to the project budget.
Schedule compression
Business services; Project management
Shortening the project schedule duration without reducing the project scope. See also crashing and fast tracking.
Procurement management plan
Business services; Project management
The document that describes how procurement (the processes from developing procurement documentation through contract closure) will be managed.
Cost estimate validation process (CEVP)
Business services; Project management
Using input from various disciplinary experts, costs associated with potential risks to a project are assessed and the probability of delivering a project at a given cost and by a given date is ...
Schedule control
Business services; Project management
The process of controlling changes to the project schedule.
