What Is Benefits Management? – combined with project or program management, Benefits Management is the process for planning, managing, delivering and measuring the project or program benefits. For all Project Management Definitions, check the...
What Are Benefits? – Benefits are the enhanced efficiency, economy and effectiveness of future business or other operations to be delivered by a project or program. For all Project Management Definitions, check the PMO...
What Is BCWP? – BCWP is Budgeted Cost of Work Performed. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti
What Is Baseline Review? – Baseline Review is a customer review conducted to determine that a contractor is continuing to use the previously accepted performance system and is properly implementing a baseline on the...
What Is Baseline Cost? – Baseline Cost is the amount of money an activity was intended to cost when the schedule was baselined. For all Project Management Definitions, check the PMO and Project Management...
What Is Automatic Decision Event? – Automatic Decision Event is a decision event where the decision depends only on the outcome of the preceding activities and that can be programmed or made automatic. For...
What Is Authorized Un-priced Work? – Authorized Un-priced Work is any scope change for which authorization to proceed has been given, but for which the estimated costs are not yet settled. For all Project...
What Is Authorization? – Authorization is the decision that triggers the allocation of funding needed to carry on the project. For all Project Management Definitions, check the PMO and Project Management Dictionary by John...
What Is Audit? – Audit is systematic retrospective examination of the whole, or part, of a project or function to measure conformance with predetermined standards. Note: audit is usually qualified, for example financial audit,...
What Is Associated Revenue? – Associated Revenue is that part of a project cost that is of a revenue nature and therefore charged as incurred to the profit and loss account. Note: associated revenue...
