Compass

Category: Knowledge base > Dictionary

Controlling changes to the project budget.
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Category: Knowledge base > Dictionary

Controlling changes to the project schedule.
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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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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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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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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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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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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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Category: Knowledge base > Dictionary

A common approach to implementing a quality improvement
program within an organization.
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Category: Knowledge base > Dictionary

A category or rank used to distinguish items that have the same functional use (e.g.,
“hammer”) but do not share the same requirements for quality (e.g., different hammers
may need to withstand different amounts of force).
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