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Engineering Change Notice - to - Estimate

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Engineering Change Notice

The formal release of an engineering change. [D04082]

Engineering Change Proposal ("ECP")

A proposal submitted by the seller in response to a buyer request for an ECP to change the existing contract effort. Only the buyer can initiate the request for an Engineering Change Proposal. This activity is usually preceded by a Request For Change. The user, buyer, or the seller can initiate a Request For Change to the contract. It is an exploratory activity. [D04217]

Engineering Change Request

A request to consider a technical change to the technical baseline submitted to a Change Control Board. [D00600]

Engineering Cost Estimate

Cost estimate derived by summing detailed cost analysis of the individual work packages and adding appropriate burdens. Usually determined by a contractor's performing organizations, price analysts, and cost accountants. [D04083]

A detailed cost estimate of the work and related burdens, usually made by industrial engineering or price/cost estimating. Another term for Engineering Cost Estimate is Bottom-up Cost Estimate. [D00601]

Engineering Process

The set of activities relating to a construction output. [D02703]

Enterprise

A business organization involved in economic activity and taking risks for purposes of profit.
Editor's Note: Compare this with Bureaucracy. [D02704]

Enterprise Project Management

The application of the project management discipline throughout an enterprise. [D02705]

A concept based on the principle that prosperity depends on adding value to business, and that value is added by systematically implementing new projects i.e. projects of all types across the organization. [D04341]

Enterprise Project Structure ("EPS")

The orderly arrangement of projects in an organization's portfolio designed to support the goals and objectives of the enterprise. [D05151]

Enterprise Resource Planning ("ERP")

Program/Project resource planning of activities, supported by multi-module application software and processes to help an enterprise manage key parts of its business which may include product planning, maintaining inventories, supply chain processes, providing customer services, human resources planning, etc. It may include any other system involving nay kind of resource consumption that can benefit from integration of information across many functional areas. [D04367]

Enterprise Resource Planning Systems ("ERPS")

Enterprise wide applications/processes/systems that support ERP by handling a wide variety of planning, transaction processing and accounting functions in an integrated manner across many functional areas. [D04368]

Entitlement

That portion of a claim that entitles a claimant to recover from the other party. [D04084]

Entrepreneur

One who organizes, manages and assumes the risks of a business or enterprise. [D02706]

An individual who risks starting his or her own business. A person who has the ability to see an opportunity, to obtain necessary capital, labor, and other inputs, and to know how to put together an operation successfully, and who has the willingness to take personal risk of success or failure. [D02707]

Environment

A core supporting workflow in the software-engineering process, whose purpose is to define and manage the environment in which the system is being developed. Includes process descriptions, configuration management, and development tools. [D04724]

Environment Characteristic

A particular property of the environment. [D02708]

Environment, general

The things that surround a person or organization, including physical features, economic and market conditions, attitudes and climate. [D02709]

Environment, natural

The natural surroundings of us all created by our physical world, i.e. nature. [D02710]

Environment, project

The combined internal and external forces, both individual and collective which assist or restrict the attainment of the project objectives. [D00602]

The combined internal and external forces, both individual and collective which assist or restrict the attainment of the project objectives. These could be business or project related or may be due to political, economic, technological or regulatory conditions. [D00603]

Environmental

Pertaining to the natural environment. [D02711]

Environmental Approvals

Approvals received as a result of meeting regulatory requirements pertaining to the natural environment. [D02712]

Environmental Factoring

Use of data relating to an external factor (such as the weather) to modify or bias the value of parameters concerned. [D04433]

Environmental Requirements

Regulatory conditions that pertain to the natural environment that must be met in the planning and execution of a project. [D02713]

Environmentally Concerned

Those individuals who align themselves with the views of various groups concerned with issues of protecting the environment. [D00604]

EPS

See Enterprise Project Structure

Equal Opportunity

In the U.S.A., the procedures implemented by the organization to assure that it meets the requirements of the Equal Employment Opportunity sections of the Civil Rights Act. Includes affirmative-action and other programs, as well as the documentation procedures to demonstrate compliance. [D00605]

Equipment Procurement

The acquisition of equipment/ material to be incorporated into the project. [D00606]

Equitable Adjustment

The price or target cost adjustment to which a contractor is entitled upon the occurrence of some special event, such as the issuance of a contract change. [D04085]

Equity Theory of Motivation

The view that we all think about the time and effort we put into our work (including our education), and we compare that with the outcomes of our work: recognition, pay, benefits, opportunities to develop our technical expertise, collegiality, good work environment, job satisfaction and financial security, etc. See also Control Theory, Expectancy Theory, Goal Setting Theory, and Reinforcement Theory. [D02635]

Equivalent Activity

Activity that is equivalent, in the probabilistic sense, to any combination of series and parallel activities. [D04434]

ERP

See Enterprise Resource Planning

ERPS

See Enterprise Resource Planning Systems

Error

A discrepancy between a computed, observed, or measured value or condition and the true, specified, or theoretically correct value or condition. [D04086]

Error Probability

The likelihood of a mistake. [D02714]

Errors

Mistakes made in writing, printing, calculation or other performance. [D02715]

Errors and Omissions

Generally refers to design deficiencies in the plans, specifications or contract documents which must be corrected in order for the project to be built or function as intended. [D04976]

ES

See Early Start Date

ESAR

See Extended Subsequent Applications Review

Escalated Base Price

The base price estimate adjusted for inflation up to the time of tender. [D00607]

Escalation

An anticipated rise in uncommitted costs of resources (labor, material, equipment) over time, due to reduced purchasing power of money. A component of a cost type. The allowance for escalation is a component within the anticipated award cost of a cost class. [D00608]

Increase of budget due to inflation, etc. [D00609]

Use of a price index to convert past prices to present, or present to future. An increase due to inflation. [D02315]

Essential Characteristics

The minimum operational, functional, maintenance, performance, reliability, and safety requirements which must be fulfilled to meet the needs of the user(s). [D03628]

Essentials of Project Management

The four essentials of project management are:

• Common Vocabulary
• Teamwork
• Project Cycle, and
• Project Management Elements

[D04087]

Estimate

The prediction of a quantitative result. It is usually applied to project costs, resources and durations. [D00612]

An assessment of the likely quantitative result. Usually applied to project costs and durations and should always include some indication of accuracy (e.g., + or - 15%). Usually used with a modifier (e.g., preliminary, conceptual, feasibility). Some application areas have specific modifiers that imply pre-set accuracy ranges (e.g., order of magnitude estimate, budget estimate, and definitive estimate in construction). [D00610]

An evaluation of all the costs of the elements of a project or effort as defined by an agreed-upon scope. See order of magnitude estimate, budget estimate, and definitive estimate. [D00611]

A prediction of future performance in terms of cost and time. [D02218]

A forecast or guess about how long an activity will take, how many resources might be required, or how much it will cost. [D03717]

A quantified assessment of the resources required to complete part or all of a project. The prediction of the quantitative result. It is usually applied to project costs, resources and durations. [D04435]