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

Programme

Business services; Project management

A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. programmes may include elements of related work outside the ...

Cost-plus-incentive-fee (CPIF) 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), and the seller earns its profit if it meets ...

Schedule performance index (SPI)

Business services; Project management

A measure of schedule efficiency on a project. It is the ratio of earned value (EV) to planned value (PV). The SPI = EV divided by PV. An SPI equal to or greater than one indicates a favourable ...

Programme evaluation and review technique (PERT)

Business services; Project management

A project management technique for determining how much time a project needs before it is completed. Each activity is assigned a best, worst, and most probable time estimate. These are used to ...

Cost risk assessment

Business services; Project management

A Cost Risk Assessment is a highly structured approach to incorporate consideration of uncertainty in project modelling and management. It is applied to the work product for a project at any stage in ...

Schedule variance (SV)

Business services; Project management

A measure of schedule performance on a project. It is the algebraic difference between the earned value (EV) and the planned value (PV). SV = EV minus PV. See also earned value management.

Programme management

Business services; Project management

The management of a series of related projects designed to accomplish broad goals, to which the individual projects contribute, which are typically executed over an extended period of time (i.e., a ...