Copyright
Wideman Comparative Glossary of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March 2002.

Please feel free to point to this document. For non-profit purposes you may copy this page, either whole or as whole definitions provided the above copyright notice is attached. For inclusion in for-profit works, please contact the author at maxw@maxwideman.com

File: PMG_B01.htm generated 12/19/2002 9:25:29 AM
Generated by program: PMGlosGen v1.33 Program Author: Graham Wideman

Introduction | What's New in Version 5.5 | International Recognition
About the Author | Sources and References
Content Index |
Order Your V5.5 Copy Here!

Baseline Schedule - to - Bid List

***  prev

Term
Definition     Editor's Choice
 
Source
Baseline Schedule
A fixed project schedule that is the standard by which project performance is measured. The current schedule is copied into the baseline schedule which remains frozen until it is reset. Resetting the baseline is done when the scope of the project has been changed significantly, for example after a negotiated change. At that point, the original or current baseline becomes invalid and should not be compared with the current schedule. [D00141]

 WST
PMST
Baseline Start Date
See Scheduled Start Date. [D00142]

  
Baseline, budget
A reference base that includes the time phased budget, total funding, time phased funding profile, and management reserve [D03996]

 CSM
Baseline, business
A reference base that includes the Acquisition Plan, Contract, Subcontracts, Project Master Schedule, Implementation Plan, System Engineering Management Plan, Contract Deliverable(s) List, and the Contract Documentation Requirements List. [D03997]

 CSM
Baseline, cost estimate
The estimated cost to perform all work defined by the project baseline based on the defined conditions, for example, without overtime. [D03998]

 CSM
Baseline, technical
A reference base that includes the User Requirements Document, System Requirements Document, Concept Definition Document, System Specifications, "Design-to" specifications, "Build-to" documents, and "As built," "As tested," "As accepted" and "As operated" configurations. [D03999]

 CSM
Basis of Estimate
The justifications for arriving at a particular cost estimate. This can include the estimating methods, approach taken, prices used, etc.
Editor's Note: It is essential, as with all estimates, that the estimating assumptions are also clearly stated. [D04000]

 CSM
Batch
See Lot. [D00143]

  
Batch Operation
A routine performed by the computer without the need for any user intervention. [D00144]

 RMW
BATNA
See Best Alternative to Negotiated Agreement

  
BCM
See Business Change Manager

  
BCWP
See Budgeted Cost of Work Performed

  
BCWS
See Budgeted Cost of Work Scheduled

  
BEC
See Elapsed Cost

  
Behavior
A combination of an event and an action.
Editor's Note: A term used in software; When something happens, something else happens automatically. Although the term is used in software, it is a useful concept in risk management. [D04917]

 RMW
Behavior Analysis
See Functional Analysis. [D04001]

  
Benchmark
A standard by which something can be measured or judged. [D04918]

 Webster
Benchmarking
The search for industry best practices that lead to superior performance. [D04919]

 43
A review of what others are doing in the same area. For those who appear to be particularly successful, what they do and how they do it are taken to be examples that should be emulated, i.e. used as "benchmarks". [D02407]

 RMW
Beneficial Occupancy/Use
Use of a facility or project deliverable in whole or in part by the owner for its intended purpose. This may occur even though some portion of the contract scope remains unfinished. [D04920]

 PDG
Benefits
The enhanced efficiency, economy and effectiveness of future business operations to be delivered by a program. [D00145]

 WST
Benefits Framework
An outline of the expected benefits of the program, the business operations affected and current and target performance measures. [D00146]

 WST
A component of the Program Brief which sets out in outline a description of the expected benefits of the program, the business operations affected and current and target performance measures. [D04922]

 KSI
Benefits Management
The identification of potential benefits, their planning and tracking, the assignment of responsibilities and their actual realization. [D04924]

 44
A formal process in Program Management for planning, managing, delivering and measuring the set of benefits which the Program is designed to provide. [D03592]

 PNG
Benefits Management Plan
A project statement of who is responsible for achieving the benefits, and how they will be measured, managed and monitored. [D00147]

 RMW
A component of the Program Definition Statement, which specifies who is responsible for achieving the benefits set out in the Benefits Profiles and how achievement is to be managed, measured and monitored. [D03593]

 PNG
Benefits Management Regime
The activities, roles and outputs of program management for ensuring that the program will deliver expected business benefits. The regime is described by the benefits management plan as set out in the program Definition Statement. [D04926]

 KSI
Benefits Profiles
A component of the Program Definition Statement which describes the planned benefits to be realized by the Program and states where, how, and when they are to be realized. [D03594]

 PNG
A description of the planned benefits to be realized by the program stating where, how, and when they are to be realized. This description will be agreed between the management of the target business area, the Program Director, and service providers (if appropriate). [D04927]

 KSI
Benefits Realization Phase
The fourth phase of the program management approach, occurring at the end of each tranche of a program, and particularly at the end of the full program. The objectives are to assess operational performance levels against targets in the benefits framework and blueprint; to compensate for any short-fall in achievement; to seek additional areas of benefit from the exploitation of the delivered facilities; to ensure lessons learnt are fed into the re-planning of the next tranche. Finally, to close down a completed program (or program tranche), and ensure that the lessons learnt are fed back into strategy reviews and into future programs. [D04928]

 KSI
Best Alternative to Negotiated Agreement ("BATNA")
A resistance level in negotiations corresponding to the best option outside the current relationship. [D02728]

 PMH p338
Best and Final Contract Offer
Final offer by the supplier to perform the work after incorporating negotiated and agreed changes in the procurement documents. [D00148]

 PMK87
Best and Final Offer
In negotiations, one or other of the parties declares that this is as far as they can go and it is up to the other to accept, or reject and "walk away". [D02408]

 RMW
Best Efforts Contract
A contract, usually cost reimbursement type, to obligate the contractor to do the best job possible under conditions of high risk with no legal obligation to complete. [D04003]

 CSM
Best Practices
Techniques that agencies may use to help detect problems in the acquisition, management, and administration of service contracts. Best practices are practical techniques gained from experience that have been shown to produce best results. [D03802]

 GAT
Best Value
The expected outcome of an acquisition that, in the purchaser's estimation, provides the greatest overall benefit in response to the requirement. [D03453]

 GAT
Beta Distribution
Usually used to refer to a distribution of software for trial use and comment before final release. [D02409]

 RMW
Beta Test
Beta is the second letter of the Greek alphabet. In software, used to signify that this is not the first release for testing, but not the last either. [D02410]

 RMW
Beta testing
Pre-release testing in which a sampling of the intended customer base tries out the product. [D04690]

 RUP
Bid
An offer to perform the work described in a set of bid documents at a specified cost. [D00149]

 PMK87
An offer in response to an invitation for bids. [D03454]

 GAT
Bid Analysis
An analysis of bids or tenders. [D04385]

 APM
Bid Bond
A Bond covering a Bid [D03458]

 RMW
Bid Cost Considerations
Consideration of supplierapproach and reasonableness of cost. cost realism, forecast economic factors affecting cost and cost risks used in the cost proposal. [D00150]

 PMK87
Bid Document Preparation
The creation and assembly of all the documentation required for publishing and inviting competitive bids or tenders [D02411]

 RMW
Bid Documents
A set of documents issued for purposes of soliciting bids in the course of the acquisition process. [D00151]

 PMK87
Bid Evaluation
A comparison of bids received, including an assessment of the validity of each compared to the tendering requirements. [D02416]

 RMW
Review and analysis of response to determine supplier's ability to perform the work as requested. This activity may include an evaluation of suppliers financial resources. ability to comply with technical criteria and delivery schedules, satisfactory record of performance and eligibility for award. [D00152]

 PMK87
Bid List
A list of suppliers invited to submit bids for goods/ services as specified. [D00153]

 PMK87
Definitions for page B01: 50


***  prev
next  ***

Home | Issacons | PM Glossary | Papers & Books | Max's Musings
Guest Articles | Contact Info | Top of Page