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Baseline Schedule - to - Bid List

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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]

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]

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]

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]

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]

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]

Batch

See Lot. [D00143]

Batch Operation

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

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]

Behavior Analysis

See Functional Analysis. [D04001]

Benchmark

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

Benchmarking

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

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]

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]

Benefits

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

Benefits Framework

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

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]

Benefits Management

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

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

Benefits Management Plan

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

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]

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]

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]

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]

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]

Best Alternative to Negotiated Agreement ("BATNA")

A resistance level in negotiations corresponding to the best option outside the current relationship. [D02728]

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]

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]

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]

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]

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]

Beta Distribution

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

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]

Beta testing

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

Bid

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

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

Bid Analysis

An analysis of bids or tenders. [D04385]

Bid Bond

A Bond covering a Bid [D03458]

Bid Cost Considerations

Consideration of suppliersê approach and reasonableness of cost. cost realism, forecast economic factors affecting cost and cost risks used in the cost proposal. [D00150]

Bid Document Preparation

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

Bid Documents

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

Bid Evaluation

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

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]

Bid List

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