- Consequences
-
 The results following some activity or activities. [D02522]
|
RMW |
- Consideration
-
 In contract law, something of value. It may be money, an act, or a promise. It is one of the key elements required to have a binding contract. [D03473]
|
GAT |
- An inducement to a contract: the cause, motive, price, or impelling influence that leads a party to enter into a contract. Generally requires two elements:
- Something that must be given that the laws regards as sufficient legal value for the purpose, either a benefit to the seller or a detriment to the buyer, and
- The something (benefit or detriment of legal value) must be dealt with by the parties as the agreed-upon price or exchange for the promise.
[D05945]
|
PMTWG |
- Considerations
- Aspects to be evaluated. Also, some form of compensation in return for something done. [D02523]
|
RMW |
- Consistency
- The degree of uniformity, standardization, and freedom from contradiction among the documents or parts of a system or component. [D05169]
|
SA-CMM |
- Consolidate
- To bring together into one logical grouping. [D02524]
|
RMW |
- Consortium
- A form of partnership involving a number of parties. [D02526]
|
RMW |
- A business relationship (usually international) between one company and another company (or division of the same company) in which one party has primary responsibility. [D02525]
|
PMDT |
- Constant Estimate
- An estimate of cost pegged to a specific calendar date. Applying estimated escalation rates for various cost factors, the constant estimate may be converted into a Current Estimate. [D06390]
|
Costin |
- Constituents
- Anyone who is impacted by a project, often as members of the public, but not directly involved as participants. A subset of Stakeholders. [D03126]
|
RMW |
- Constraint
- A restriction that must be balanced with all other constraints to achieve project success. The four primary and universal project constraints are scope, quality grade, time and resources. [D00292]
|
026 |
- A restriction or limitation you set on the start or finish dated of a task. [D00290]
|
MSP98 |
- Applicable restriction which will affect the scope. Any factor which affects when an activity can be scheduled. (See Restraint.) [D00291]
|
PMK87 |
- Constraint, project constraint
- A factor that will limit the project management team's options. For example, a predefined budget is a constraint that may limit the team's scope, staffing and schedule options. [D04950]
|
042 |
- Constraints
- Restrictions or boundaries impacting overall capability, priority, and resources. [D02290]
|
DSMC |
- A generic term for factors affecting the possible start and finish dates of an activity including logic and imposed dates. [D03816]
|
PNG |
- Constructability
- The extent to which the design of a structure facilitates ease of construction, subject to the overall requirements for the completed form. [D02184]
|
013 Feb'96 |
- The optimum use of construction knowledge and experience in planning, engineering, procurement and field operations to achieve the overall objective. [D02185]
|
013 Feb'96 |
- Construction
- All the work involved in assembling resources and putting together the materials required to form a new or changed facility. [D02528]
|
RMW |
- The organization and coordination of all the resources needed to complete the erection, installation, or assembly of a new facility. [D02527]
|
PMDT |
- In software development, the third phase of the Unified Process, in which the results and plan developed in the elaboration phase are funded for full scale construction. Full scale construction involves a progressively advancing set of iterations for creating and thorough testing of all remaining components and application features integrated into the final product. This brings the whole to a state ready for transition to the care, custody and control of the customer. The four phases of the Unified Process are Inception, Elaboration, Construction, and Transition. [D04815]
|
RMW |
- Construction Contractor
- A corporation or individual who has entered into a contract with the organization to perform construction work. [D00293]
|
CCCP |
- Construction Cost
- Any of the cost types (appropriations, commitment, expenditure or estimate to complete) associated with the scope of the construction work. See also project cost. [D00294]
|
CCCP |
- Construction Management ("CM")
- The process by which a potential owner of a capital facility engages a professional agent, referred to as a construction manager, to coordinate, communicate and direct the entire process of construction from the project planning stage through design, procurement, construction and startup, in terms of scope, quality, time and cost. [D00296]
|
PMK87 |
- A company that performs the duties of the construction manager and his staff. Especially on large construction projects, such firms may take over the role of a general contractor, by providing day-to-day supervision and direction of activities by general and subtrade construction contractors. [D00295]
|
CCCP |
- Construction Manager
- The title of a position on the project team. This person is responsible to the project manager for directing the construction of a project within authority and responsibility limits, usually established by the contract. On smaller projects, a construction contractor may assign this role to a superintendent. [D00297]
|
CCCP |
- Construction Stage
- That part of a project life cycle during which the construction work is carried out. See also implementation phase. [D00298]
|
CCCP |
- Construction Work
- The construction, rehabilitation, alteration, conversion, extension, demolition, or repair of buildings, highways, or other changes or improvements to real property, including facilities providing utility services. The term also includes the supervision, inspection, and other on-site functions incidental to the actual construction. [D03474]
|
GAT |
- Construction-Oriented
- Bias towards a construction environment. [D02529]
|
RMW |
- Constructive Challenge
- Informed interrogation and discussion of proposed concepts/solutions by peers and experts to ensure that the concepts/solutions are well founded and justified. [D04043]
|
CSM |
- Constructive Change
- An owner's action or inaction that impacts the contractor's working conditions and hence constitutes an unauthorized modification of the original contract intent. [D03475]
|
RMW |
- Consultant
- One who provides some specialized service based on their special qualifications, education or experience. [D02530]
|
RMW |
- Consultative-autocratic Management Style
- A management approach in which extensive information input is solicited from team members, but the project manager makes all substantive decisions. [D05946]
|
SU |
- Consulting
- The services provided by a consultant. [D02531]
|
RMW |
- Consumable Resource
- A type of resource that remains available until consumed (for example, a material). [D00299]
|
WST |
- Consumables
- Supplies that are consumed in the course of a project. A collective term representing a wide variety of items too small to be accounted for individually, although generally identified by groupings. [D02532]
|
RMW |
- Consumer
- Any user of a product, or one who consumes it. [D05947]
|
BRM |
- Consumer's Risk
- The probability of accepting an unacceptable lot, because of a better than average quality in the sample. [D06391]
|
Costin |
- Contemplated Change Notice
- A form issued to a construction contractor requesting its quotation for a proposed change in the scope of work that would be included in its contract. [D00300]
|
CCCP |
- Contending, in negotiating
- An effort to persuade the other side to make a proposal more favorable to you but less favorable to them. [D02731]
|
PMH p343 |
- Content
- All that is included, or contained. [D02533]
|
RMW |
- Content Type
- The subdivision of contents into separate groupings or types. [D02534]
|
RMW |
- Context
- The background within which something is reviewed, determined, decided, or otherwise happens. [D02535]
|
RMW |
- Contingencies
- Specific provision(s) to mitigate random or unknown project risks from causing project failure or frequent baseline changes. [D04320]
|
026 |
- See Reserve and Contingency Planning. [D00301]
|
|
- Specific provision for unforeseeable elements of cost within the defined project scope; particularly important where previous experience relating estimates and actual costs has shown that unforeseeable events which will increase costs are likely to occur. If an allowance for escalation is included in the contingency it should be [shown as] a separate item, determined to fit expected escalation conditions for the project. [D00302]
|
PMK87 |
- Contingency
- Provision made for variations in the base estimate of time or cost that are likely to occur and that cannot be specifically identified at the time of estimating. Contingency is NOT meant to cover scope changes or extraordinary random events. Most corporate managers agree that contingency should be the amount required to bring the estimate to the point of a 50/50 chance of overrun or under run. [D05621]
|
070 |
- A Contingency is the planned allotment of time and cost for unforeseeable elements with a project. Including contingencies will increase the confidence of the overall project. [D00303]
|
WST |
- An amount of design margin, time, or money inserted into the corresponding plan as a safety factor to accommodate unexpected and presently unknown occurrences that judgment suggests will occur during the project. [D00304]
|
SPM 304-9 |
- Incidental expense. [D00305]
|
NPMT |
- As a result of risk analysis sums of money or amounts of time may be set aside as contingency which may be used in the event of risks occurring.
Editor's Note: Contingency should be shown in the plan as a separate item and not hidden in activities as "an extra 10%" on duration or cost. [D03817]
|
PNG |
- A component of the authorized appropriation or estimated cost at completion for the project's scope of work or a particular cost class. Contingency is an estimator's allowance for the cost of unknowns, changes to make things work or estimating error. The anticipated award price of a cost class may also contain allowance for escalation. However, a reserve for scope changes is not a contingency in the same sense. A Scope Change Reserve is an allowance from which transfers can be made into specific cost classes when the scope of work in the class is amended by the owner. The appropriation for that class should be amended accordingly following the transfer. [D00306]
|
CCCP |
- Time, effort or money added to the project plan to compensate for uncertainty. [D02190]
|
PMMJ97 |
- An amount added to an estimate [as a separate and distinct item] to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes the following items that are provided for elsewhere:
- Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
- Extraordinary events such as major strikes and natural disasters;
- Management reserves; and
- Escalation and currency effects.
Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain [i.e. contained within this definition of "contingency"] include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended. See also Management Reserve. [D05948]
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048 10S-90, 2007 |
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Definitions for page C08: 54
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