Compass

Category: Knowledge base > Dictionary

Taking action to decrease the total project duration after analyzing a number of alternatives
to determine how to get the maximum duration compression for the least
cost.
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Category: Knowledge base > Dictionary

The point in time that work actually ended on an activity. (Note: in
some application areas, the activity is considered “finished” when work is “substantially
complete.”)
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Category: Knowledge base > Dictionary

The point in time that work actually started on an activity.
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Category: Knowledge base > Dictionary

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 certain, the amount of rework is not. Contingency reserves may involve
cost, schedule, or both. Contingency reserves are intended to reduce the impact
of missing cost or schedule objectives.
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Category: Knowledge base > Dictionary

A provision in the project plan to mitigate cost and/or schedule risk. Often used with
a modifier (e.g., management reserve, contingency reserve) to provide further detail
on what types of risk are meant to be mitigated. The specific meaning of the modified
term varies by application area.
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Category: Knowledge base > Dictionary

The term used in the precedence diagramming method for a logical
relationship. In current usage, however, precedence relationship, logical relationship,
and dependency are widely used interchangeably regardless of the diagramming
method in use.
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Category: Knowledge base > Dictionary

Collecting and disseminating information about project performance
to help ensure project progress.
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Category: Knowledge base > Dictionary

Document that includes only major variations from plan (rather than all
variations).
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Category: Knowledge base > Dictionary

A temporary endeavor undertaken to create a unique product or service.
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Category: Knowledge base > Dictionary

A group of related projects managed in a coordinated way. Programs usually include
an element of ongoing activity
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