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

Please feel free to point to this document. For non-profit purposes you may copy this page, either whole or as whole definitions provided the above copyright notice is attached. For inclusion in for-profit works, please contact the author at

File: PMG_Z00.htm generated 12/19/2002 9:26:01 AM
Generated by program: PMGlosGen v1.33 Program Author: Graham Wideman

Introduction | What's New in Version 6.1 | International Recognition
About the Author | Sources and References
Content Index |
Order Your V6.1 Copy Here!

Zero Based Budgeting - to - Zero Float

***  prev

Definition     Editor's Choice
Zero Based Budgeting
An approach to corporate, annual plan, budgeting in which all departmental annual budget requirements must be estimated and justified from the ground up, rather than by adding a percentage allowance to last year's approved budget or actual expenditure (typically whichever is the higher.) [D03421]

Zero Dollar Contract
A contract, usually for one dollar, that establishes a legal relationship to facilitate transfer of items between the parties. [D04302]

Zero Float
A condition where there is no excess time between activities. An activity with zero float is considered a critical activity. If the duration of any critical activity is increased (the activity slips), the project finish date will slip. [D02172]

Describes a work item or activity on the critical path (i.e. a delay in its completion would cause a corresponding delay in the project completion date). [D02173]

Definitions for page Z00: 4

***  prev

Home | Issacons | PM Glossary | Papers & Books | Max's Musings
Guest Articles | Contact Info | Top of Page