- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The authorized budget assigned to the scheduled work to be accomplished for a schedule activity or work breakdown structure component. Also referred to as the budgeted cost of work scheduled.
Industry:Business services
A group of potential causes of risk. Risk causes may be grouped into categories such as technical, external, organizational, environmental, or project management. A category may include subcategories such as technical maturity, weather, or aggressive estimating. See also risk breakdown structure.
Industry:Business services
Those processes performed to define and mature the project scope, develop the project management plan, and identify and schedule the project activities that occur within the project.
Industry:Business services
The target cost figure covering the construction phase of a project. It includes the cost of contracts with trade contractors; construction support items; other purchased labor, material and equipment; and the construction manager's cost (but not the cost of land, A/E fees, or consultant fees).
Industry:Business services
A repository that provides for collection, maintenance, and analysis of data gathered and used in the risk management processes.
Industry:Business services
The centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work, to achieve specific strategic business objectives.
Industry:Business services
The amount of money or time needed above the estimate to reduce the risk of overruns of project objectives to a level acceptable to the organization.
Industry:Business services
A risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold.
Industry:Business services
A team-building process with the contractor and WSDOT used for the purpose of establishing overall project scheduling; understanding project commitments; and defining roles, responsibilities and levels of authority.
Industry:Business services
The process of tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.
Industry:Business services
