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Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2012.

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Zero Based Budgeting - to - Zero Float

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Term
Definition     Editor's Choice
 
Source
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]
 RMW
Zero Dollar Contract
A contract, usually for one dollar, that establishes a legal relationship to facilitate transfer of items between the parties. [D04302]
 CSM
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 (i.e. the activity slips), the project finish date will slip. [D02172]
 WST
PMST
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]
 CCCP
Definitions for page Z00: 4

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