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497 items found

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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...

Basis

Wiki

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....

Benchmark

Wiki

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

Benefits

Wiki

Benefits are tangible or intangible positive results of a project or program. Project benefits are distinct from project deliverables.

Benefits Management

Wiki

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

Best and Final

Wiki

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.

Beta Testing

Wiki

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....

Bid

Wiki

A Bid is an offer to perform a defined set of work, a project, for a specific price. This usually comes in the form of a proposal....

Steering Committee

Wiki

A Steering Committee is a group of people with the responsibility for making decisions or strong recommendations related to a project.

Boilerplate

Wiki

Boilerplate is standard terminology (often sections of a proposal, deliverable, or contract) that is reusable many times and is unlikely to change.

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