- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
Scale, defined by Webster’s, is a progressive classification, as of size, amount, importance, or rank. In other words, scalability is the level of work planning required based on the project size, project complexity, and team size. The project manager determines the appropriate level of detail.
Industry:Business services
A series of steps followed in a regular definitive order to accomplish something.
Industry:Business services
The monetary value or price of a project activity or component that includes the monetary worth of the resources required to perform and complete the activity or component, or to produce the component. A specific cost can be composed of a combination of cost components, including direct labour hours, other direct costs, indirect labour hours, other indirect costs, and purchased price. (However, in the earned value management methodology, in some instances, the term cost can represent only labour hours without conversion to monetary worth.) See also actual cost and estimate.
Industry:Business services
A set of interrelated actions and activities performed to achieve a specified set of products, results, or services.
Industry:Business services
A criterion for comparing programs, projects, and alternatives when benefits or a given objective.
Industry:Business services
A discrete scheduled component of work performed during the course of a project. A schedule activity normally has an estimated duration, an estimated cost, and estimated resource requirements. Schedule activities are connected to other schedule activities or schedule milestones with logical relationships, and are decomposed from work packages.
Industry:Business services
The process of aggregating the estimated cost estimates of individual activities or work packages to establish a cost baseline.
Industry:Business services
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, and seller’s responses.
Industry:Business services
The process of influencing the factors that creates variances, and controlling changes to the project budget.
Industry:Business services
Shortening the project schedule duration without reducing the project scope. See also crashing and fast tracking.
Industry:Business services
