Dictionary

Scope Change Control

Category: Knowledge base > Dictionary

Controlling changes to project scope.
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Cost Control

Category: Knowledge base > Dictionary

Controlling changes to the project budget.
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Schedule Control

Category: Knowledge base > Dictionary

Controlling changes to the project schedule.
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Control

Category: Knowledge base > Dictionary

The process of comparing actual performance with planned performance, analyzing
variances, evaluating possible alternatives, and taking appropriate corrective action
as needed.
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Firm Fixed Price (FFP) Contract

Category: Knowledge base > Dictionary

A type of contract where the buyer pays the seller a set
amount (as defined by the contract) regardless of the seller’s costs.
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Cost Plus Fixed Fee (CPFF) Contract

Category: Knowledge base > Dictionary

A type of 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).
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Cost Plus Incentive Fee (CPIF) Contract

Category: Knowledge base > Dictionary

A type of contract where the buyer reimburses the
seller for the seller’s allowable costs (allowable costs are defined by the contract),
and the seller earns its profit if it meets defined performance criteria.
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Contract

Category: Knowledge base > Dictionary

A contract is a mutually binding agreement which obligates the seller to provide the
specified product and obligates the buyer to pay for it.
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Duration Compression

Category: Knowledge base > Dictionary

Shortening the project schedule without reducing the project scope.
Duration compression is not always possible and often requires an increase in project
cost.
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Total Quality Management

Category: Knowledge base > Dictionary

A common approach to implementing a quality improvement
program within an organization.
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