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

Cost performance index (CPI)

Business services; Project management

A measurement of cost efficiency on a project. It is the ratio of earned value (EV) to actual cost (AC). CPI = EV divided by AC. A value equal to or greater than one indicates a favourable condition, ...

Schedule milestone

Business services; Project management

A significant event in the project schedule, such as an event restraining future work or marking the completion of a major deliverable. A schedule milestone has zero duration. Sometimes called a ...

Cost-plus fee (CPF) contract

Business services; Project management

A type of cost reimbursable contract where the buyer reimburses the seller for the seller's allowable costs for performing the contract work, and seller also receives a fee calculated as an agreed ...

Schedule model

Business services; Project management

A model used in conjunction with manual methods or project management software to perform schedule network analysis to generate the project schedule for use in managing the execution of a project. ...

Professional engineer

Business services; Project management

A professional firm and/or individual who is professionally engaged in an engineering discipline.

Cost-plus-fixed-fee (CPFF) contract

Business services; Project management

A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), plus a fixed amount of profit (fee).

Schedule network analysis

Business services; Project management

The technique of identifying early and late start dates, as well as early and late finish dates, for the uncompleted portions of project schedule activities. See also critical path method, critical ...