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Project forecasting consists of taking the project status information and extrapolating the current project performance to the end of the project. Forecasts can be made with respect to project duration, overall project cost, performance/quality level of project deliverables, or any combination of these.
Negotiation is a process involving two or more people with conflicting positions. These people attempt to reach an agreement by modifying their original positions. Usually, it requires bargaining in order to reach an acceptable arrangement. The arrangement, however, should not be seen as a win-lose situation. The solution should be mutually beneficial or, in some instances, mutually unprofitable.
In all of my project experiences, I have realised the importance of conflict management.
An Agreement is a legal document which is signed between two parties, one party is called the Buyer and another party is called the seller. The Seller supplies the goods and Buyer pays the money in return. An agreement can be a contract, purchase order, understanding or undertaking. It should have legal remedies.
Purpose
Boilerplate is standard terminology (often sections of a proposal, deliverable, or contract) that is reusable many times and is unlikely to change.
Variance Analysis is the quantitative investigation of the difference between actual and planned behaviour. This technique is used for determining the cause and degree of difference between the baseline and actual performance and to maintain control over a project.
What is negotiation?
Benchmarking determines where the enterprise is in relation to performing activities with "best-of-breed" or world-class companies. It measures the performance or the degree of success that has been realized in comparison to other companies for a given activity, value stream, or other factors of interest. These measures then become the basis for analysis and redesign.
Intangible assets, like many produced in the IT world (patents, inventions, a business process or system that offers competitive advantage), contribute to future revenues. Therefore, they can be expensed over time as those revenues occur.
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"The purpose of art: to make the unconscious conscious." - Richard Wagner |
