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

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Engineering Change Notice - to - Estimate

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Term
Definition     Editor's Choice
 
Source
Engineering Change Notice
The formal release of an engineering change. [D04082]

 CSM
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]

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

 VPM 291-4
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]

 CSM
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]

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

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

 RMW
Enterprise Project Management
The application of the project management discipline throughout an enterprise. [D02705]

 RMW
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]

 PCD
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]

 RMW
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]

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

 Webster
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]

 PMDT
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]

 RUP
Environment Characteristic
A particular property of the environment. [D02708]

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

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

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

 FWH
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]

 PMK87
Environmental
Pertaining to the natural environment. [D02711]

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

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

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

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

 PMK87
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]

 PMK87
Equipment Procurement
The acquisition of equipment/ material to be incorporated into the project. [D00606]

 PMK87
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]

 CSM
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]

 PMH p313
Equivalent Activity
Activity that is equivalent, in the probabilistic sense, to any combination of series and parallel activities. [D04434]

 APM
BS
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]

 CSM
Error Probability
The likelihood of a mistake. [D02714]

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

 Webster
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]

 PDG
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]

 CCCP
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]

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

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

 DSMC
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]

 SU
Essentials of Project Management
The four essentials of project management are: [D04087]

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

 WST
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]

 PMK96
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]

 PMK87
A prediction of future performance in terms of cost and time. [D02218]

 16
A forecast or guess about how long an activity will take, how many resources might be required, or how much it will cost. [D03717]

 PPS&C p339
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]

 APM
Definitions for page E02: 52


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