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A measurement of cost efficiency on a project. It is the ratio of earned value (EV) to actual cost (AC). CPI = EV divided by AC. A value equal to or greater than one indicates a favourable condition, and a value less than one indicates an unfavourable condition.
Industry:Business services
A significant event in the project schedule, such as an event restraining future work or marking the completion of a major deliverable. A schedule milestone has zero duration. Sometimes called a milestone activity. See also milestone.
Industry:Business services
A type of cost reimbursable contract where the buyer reimburses the seller for the seller's allowable costs for performing the contract work, and seller also receives a fee calculated as an agreed upon percentage of the costs. The fee varies with the actual cost.
Industry:Business services
A model used in conjunction with manual methods or project management software to perform schedule network analysis to generate the project schedule for use in managing the execution of a project. See also project schedule.
Industry:Business services
A professional firm and/or individual who is professionally engaged in an engineering discipline.
Industry:Business services
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), plus a fixed amount of profit (fee).
Industry:Business services
The technique of identifying early and late start dates, as well as early and late finish dates, for the uncompleted portions of project schedule activities. See also critical path method, critical chain method, what-if analysis, and resource leveling.
Industry:Business services
A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. programmes may include elements of related work outside the scope of the discrete projects in the program.
Industry:Business services
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), and the seller earns its profit if it meets defined performance criteria.
Industry:Business services
A measure of schedule efficiency on a project. It is the ratio of earned value (EV) to planned value (PV). The SPI = EV divided by PV. An SPI equal to or greater than one indicates a favourable condition, and a value of less than one indicates an unfavourable condition. See also earned value management.
Industry:Business services
