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 favorable 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 ...

product scope description

Business services; Project management

The documented narrative description of the product scope.

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).