- f
-
 See Sampling Frequency
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- Fabrication
- The making, building, construction, or assembly of parts into a whole.
Editor's Note: In other circumstances, this term also means to devise falsely! [D02756]
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Webster |
- FAC
- See Forecast At Completion
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- Facilitating
- Enabling activities to proceed or be completed through encouraging compromise and acceptance and/or by removing obstacles or otherwise making the activities easier. [D02757]
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RMW |
- Facilitator
- A person who makes it easier for other people to accomplish objectives by offering advice and assistance in solving problems, either with technical issues or with other people. project managers are often referred to as facilitators. [D00659]
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OTOB p271-4 |
- Facilities
- Real property such as buildings, structures, plant and equipment. Amenities. [D05351]
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SU |
- Facilities/Product Life Cycle
-
 A life cycle which encompasses the project life cycle as well as the phases of operation and disposal. [D00661]
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FWH |
- A life cycle which encompasses phases of operation and disposal, as well as, and following, the project life cycle. [D00660]
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PMK87 |
- Facility
- In project work, this term usually refers to the constructed environment, e.g. buildings, structures, infrastructure, plant and equipment. [D02759]
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RMW |
- Any building, plant, installation, structure, mine, vessel or other floating craft, location, or site of operations, owned, leased, or supervised by a Contractor or subcontractor, used in the performance of a contract or subcontract. [D03500]
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GAT |
- Fact-Finding
- A discovery process to fully understand the details of a proposal, event, situation or happening. [D05352]
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RMW |
- Factor
- An element or influence that operates on or has an affect on a calculation, product or result. [D02760]
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Webster |
- Failure
- The inability to perform. [D04092]
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CSM |
- A deficiency, defect, nonperformance or non-conformance with specified requirements. [D02761]
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RMW |
- An event in which any part of an item does not perform as required by its performance specification. [D02762]
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PMDT |
- Lack of satisfactory performance. Inability to act within specified limits. [D05353]
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Webster |
- Failure Mode Effects Analysis ("FMEA")
- A systematic identification of potential modes of failure in a system or process, and of the consequences of those failures. [D06419]
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Costin |
- Failure Modes & Effects Analysis ("FMEA")
- A logical and rigorous method for identifying and prioritizing potential failures of a product or process. [D05354]
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RMW |
- Fair and Reasonable
- A condition acceptable to an ordinary prudent person working under similar circumstances. [D05355]
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RMW |
- Fair and Reasonable Cost
- Costs that do not exceed what an ordinary, prudent person in the conduct of competitive business would incur. [D04093]
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CSM |
- Fair Market Price
- A price based on reasonable costs under normal competitive conditions and not on lowest possible cost. [D03501]
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GAT |
- The price at which bona fide sales have been made for assets of like type, quality, and quantity in a particular market at the time of acquisition. [D05993]
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PMTWG |
- Fall Back Plan
- A plan for an alternative course of action that can be adopted to overcome the consequences of a risk, should it occur (including carrying out any advance activities that may be required to render the plan practical.)
[D04438]
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APM |
- See also Workaround. [D05646]
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- Fall Back Position
- Alternative or second choice. [D02316]
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DSMC |
- Fast Track
- The starting or implementation of a project by overlapping activities, commonly entailing the overlapping of design and construction (or manufacturing) activities. [D00662]
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PMK87 |
- Fast Tracking
- Compressing the project schedule by doing some or all of certain activities in parallel that would normally be done in sequence (such as design and construction). [D00663]
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PMK96 |
- The process of reducing the number of sequential relationships (FS) and replacing them typically with parallel relationships (SS). [D00664]
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WST |
- Reducing the duration of a project usually by overlapping phases or activities that were originally planned to be done sequentially. [D04579]
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APM
BS |
- Fatal Flaw
- A project risk event that presents a situation that simply cannot be recovered. See also show stopper. [D05356]
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RMW |
- Fault
- Failure to perform. [D04094]
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CSM |
- Fault Tree Analysis
- A top down analysis of faults organized in hierarchical format (similar to a WBS). [D06420]
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Costin |
- FBS
- See Functional Breakdown Structure
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- FDS
- See Frustrated Developer Syndrome
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- Feasibility
- Project Feasibility has two dimensions: [D00668]
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PMIS |
- The assessment of capability of being completed: the possibility, probability and suitability of accomplishment. [D00665]
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PMK87 |
- Feasibility Budget
- The authorized appropriation of funds to cover the cost of work in the feasibility phase only. [D00666]
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CCCP |
- Feasibility Phase
- The project phase that demonstrates that the client's requirement can be achieved and identifies and evaluates the options to determine the one preferred solution. [D04580]
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APM
BS |
- See also Development Phase [D00667]
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- Feasibility Report
- A document that sets out all solutions considered to meet a particular set of project requirements, evaluates the ability of each to meet project objectives, gives an outline description of the recommended solution, and explains the reasons for selection. [D00669]
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CCCP |
- Feasibility Study
- An early study of a problem to assess if a solution is workable. The study will normally scope the problem, identify and explore a number of solutions and make a recommendation on what action to take. Part of the work in developing options is to calculate an outline business case for each as one aspect of comparison. [D05357]
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PRNC2 2002 |
- The methods and techniques used to examine technical and cost data to determine the economic potential and the practicality of project applications. It involves the use of techniques such as the time value of money so that projects may be evaluated and compared on an equivalent basis. Interest rates, present worth factors, capitalization costs, operating costs, depreciation, etc., are all considered. [D00670]
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PMK87 |
- A study to examine the viability of taking on a project. [D00671]
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CPMUSC p176-8 |
- Analysis to determine if a course of action is possible within the terms of reference of the project. [D04581]
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APM
BS |
- During the program definition phase, the program feasibility study is conducted to develop in further detail the business requirements and benefits analysis contained in the program brief - in order to draw up the blueprint of the future business operations - and to scope and structure implementation options. [D04981]
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KSI |
- Feasible
- Capable of being done. [D05358]
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SU |
- Feasible Project Alternatives
- Reviews of available alternate procurement actions which could attain the objectives. [D00672]
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PMK87 |
- Feasible Schedule
- Any schedule capable of implementation within the externally determined constraints of time and/or resource limits.
[D04439]
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APM
BS |
- Feature
- An externally observable service provided by the system which directly fulfills a stakeholder need. [D04728]
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RUP |
- Fee
- A reward or compensation for services. [D02764]
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Webster |
- Cost-type contract profit. [D02763]
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PMDT |
- A negotiated dollar amount to motivate and compensate contractors for performance on cost reimbursable contracts. A fee may be fixed or vary in accordance with an incentive or award formula. [D04095]
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CSM |
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Definitions for page F00: 52
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