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Beta Testing

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Beta Testing is pre-release testing which involves a representative group of target customers testing the product by using it the way they would in production. It typically follows Alpha testing that is sometimes performed by developers....

Best and Final

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Best and Final is a vendor's best offer, reached at the end of a negotation. This is an offer that the contracting company can accept or reject with no expectation of a counter offer.

Benefits Management

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Benefits Management is a structured process to ensure that a project or program delivers the value sought by stakeholders. ...

Benchmark

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A benchmark is a accepted standard of performance that has been achieved by a member or members of an industry group....

Basis

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The basis is the specific rationale, typically hard metrics, for arriving at a particular estimate. This term is used for any type of estimate, including cost, time, resrouces, etc....

Baseline Budget

Wiki

A baseline budget is the estimate of project costs that you start with at the beginning of your project. When you talk about being "under budget", this is what you are comparing your actual performance to. Sometimes when there is a significant change in scope, the project can be "re-baselined" - which isn't a word, but project managers use...

Baseline Schedule

Wiki

A baseline schedule is the timeline that you start with at the beginning of your project. When you talk about being "on time", this is what you are comparing your actual performance to. Sometimes when there is a significant change in scope, the project can be "re-baselined" - which isn't a word, but project managers use it to mena that a n...

Customer Needs Analysis

Wiki

The purpose of this analysis technique is to identify the specific customers whose satisfaction is critical to the success of the enterprise and to determine their needs. This technique focuses on eliminating misunderstanding, misinterpretation of customers and needs, understanding the customer viewpoint of the value stream, forming a foundation for reengineering, and identifying customer problems.

Benefit Estimation

Wiki

A technique used for estimating the direct (tangible) or indirect (intangible) favorable results of an action taken. Tangible benefits can be measured in terms of their direct monetary value, such as increase in revenue; intangible benefits are the favorable results that may not be measurable in dollar terms, such as improved morale of the employees, but can be estimated using a qualitative approach.

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