Category: Project Management Definitions

What Is Cost Curve? – Cost Curve is a graph plotted against a horizontal time scale and cumulative cost vertical scale. For all Project Management Definitions, check the PMO and Project Management Dictionary by...

What Is Contract Target Price? – Contract Target Price is the negotiated estimated costs plus profit or fee. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Contract Target Cost? – Contract Target Cost is the negotiated costs for the original defined contract and all contractual changes that have been agreed and approved, but excluding the estimated cost of...

What Is Contract Close-out? – Contract Close-out is the completion and settlement of the contract, including resolution of all outstanding items. For all Project Management Definitions, check the PMO and Project Management Dictionary by...

What Is Contract? – A Contract is a mutually binding agreement which obligates the seller to provide the specified product and obligates the buyer to pay for it. Contracts generally fall into one of...

What Is Contingency Reserve? – Contingency Reserve is a separately planned quantity used to allow for future situations which may be planned for only in part (sometimes called “known unknowns”). For example, rework is...

What Is Contingency Planning? – Contingency Planning is the development of a management plan using alternative strategies to minimize or negate the adverse effects of a risk, should it occur. For all Project Management...

What Is Constraint? – Constraint is the applicable restriction affecting the performance of the project. Any factor affecting when an activity can be scheduled. For all Project Management Definitions, check the PMO and Project...

What Is Conflict Management? – Conflict Management is the ability to manage conflict creatively and effectively. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Configurations Control? – Configurations Control is a system through which changes may be made to configuration items. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti