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

Service

Business services; Project management

Useful work performed that does not produce a tangible product or result, such as performing any of the business functions supporting production or distribution. Contrast with product and result. See ...

Project integration management

Business services; Project management

A subset of project management that includes the processes required to ensure that the various elements of the project are properly coordinated. It consists of project plan development, project plan ...

Design-build construction

Business services; Project management

When a Prime or Main contractor bids or negotiates to provide Design and Construction services for the entire construction project.

Simulation

Business services; Project management

A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. ...

Value engineering (VE)

Business services; Project management

(1) A creative approach used to optimise project life cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and/or use resources more effectively. (2) An ...

Backward pass

Business services; Project management

The calculation of late finish dates and late start dates for the uncompleted portions of all schedule activities. Determined by working backward through the schedule network logic from the project’s ...