- 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 |
- EPMO
- See Enterprise Project Management Office
|
|
- 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
- A fair price adjustment under a contract clause for changed work, including an adjustment in profit; a change in the delivery schedule, if appropriate; and a change in any other affected terms of the contract. [D05984]
|
PMTWG |
- 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 Earliest Start
|
|
- 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
- Two meanings:
- Expected rise in cost to due to loss in value of money.
- Raising issues to the next higher authority.
[D05334]
|
RMW |
- 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]
|
016 |
- 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 |
- A calculation of value. To predict a future cost or quantity. [D05335]
|
Webster |
- The prediction of the final cost or duration of an activity, work package or whole project. Because all estimates contain significant uncertainty, the estimate accuracy should also be expressed clearly. [D05640]
|
070 |
- Estimate Accuracy, cost
- The ratio of the base cost divided by the sum of the base cost, plus the contingency amount. [D06416]
|
Costin |
- Estimate Accuracy, time
- A description of how likely the final cost or duration is to be within a specified range of the estimate. To properly express estimate accuracy, both the range and the probability of it being within that range should be stated. [D05641]
|
070 |
- Estimate at Completion ("EAC")
- Actual cost of work completed to date plus the predicted costs and schedule for finishing the remaining work. [D00614]
|
VPM p291-4 |
- A value expressed in either dollars and/or hours, to represent the projected final costs of work when completed. The EAC is calculated as ETC + ACWP. [D00615]
|
WST |
- The expected total cost of an activity, a group of activities, or of the project when the defined scope of work is completed. Most techniques for forecasting EAC include some adjustment of the original cost estimate based on project performance to date. Also shown as "estimated at completion." Often shown as EAC = Actuals-to-date + ETC. See also earned value and estimate to complete. [D00616]
|
PMK96 |
- Estimate Based on Working Drawings
- See Estimate Class A. [D02716]
|
|
- Estimate Class A
- An estimate based on complete contract documents and used as a control check on authorized expenditures prior to tendering. [D02790]
|
022 |
- A detailed projection of time and costs for next planning horizon, having an expected precision variance of 10% or less; team involved in this estimate and willing to commit to it. Also called a Commitment Estimate. [D02220]
|
016 |
- Estimate Class B
- An estimate based on completed preliminary design drawings. Upon acceptance, these estimates shall become the cost plans for project cost control during design. [D02791]
|
022 |
- An estimate based on at least two levels of a documented work breakdown structure, having an expected precision variance of 25% or less; project manager and/or subject matter experts developed this estimate. Also called a Preliminary Estimate. [D02222]
|
016 |
|
Definitions for page E03: 50
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