![]() ![]() Also known as bottom-up estimating.Īs late as possible (ALAP) An activity for which the early start date is set as late as possible without delaying the early dates of any successor.Īs soon as possible (ASAP) An activity for which the early start date is set to be as soon as possible. Also known as comparative estimating.Īnalytical estimating An estimating technique that uses detailed specifications to estimate time and cost for each product or activity. ![]() See Partnering.Īlternative dispute resolution (ADR) The collective term for settling disputes with the help of an independent third party without a court hearing, for example, arbitration, adjudication and mediation.Īnalogous estimating An estimating technique based on the comparison with, and factoring from, the cost of similar, previous work. (2) The smallest self-contained unit of work in a project.Īctivity duration The length of time that it takes to complete an activity.Īctivity ID A unique code identifying each activity in a project.Īctivity status The state of completion of an activity.Īctual cost The incurred costs that are charged to the project budget and for which payment has been made, or accrued.Īctual cost of work performed (ACWP) The total costs actually incurred (paid or accrued) and recorded in accomplishing work performed during a given time period.Īctual dates The dates on which activities started and finished as opposed to planned or forecast dates.Īctual expenditure The costs that have been charged to the budget and for which payment has been made or accrued.Īctual finish The date on which an activity was completed.Īctual progress A measure of the work that has been completed in comparison with the baseline.Īctual start The date on which an activity was started.Īctual time expended The elapsed time from the beginning of an activity to date.Īdoption The optional additional phase in a linear life cycle that facilitates the use of project outputs to enable the acceptance and use of benefits.Īlliancing An arrangement whereby two or more organisations agree to manage a contract or range of contracts between them jointly. A B C D E F G H I J K L M N O P Q R S T U V W Y ZĪccept A response to a threat where no course of action is taken.Īcceptance The formal process of accepting delivery of a deliverable or a product.Īcceptance criteria The requirements and essential conditions that have to be achieved before a deliverable is accepted.Īccrual Work done for which payment is due but has not been made.Īcquisition strategy The establishment of the most appropriate means of procuring the component parts or services of a project.Īctivity (1) A task, job, operation or process consuming time and possibly other resources.
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