521 items found

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Construction risk management

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Purpose

Boilerplate

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

Variance Analysis

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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.

Negotiation Process - Basic Skills

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What is negotiation?

Benchmarking

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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.

Amortization

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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.

Baseline Budget

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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 ...

Entity Relationship Modeling

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Entity relationship modeling enables us to describe business information (data) and its inherent structure. ER models, also called an ER schema, are represented by ER diagrams.The entity relationship model is represented as a diagram, known as the entity relationship diagram (ERD). This diagram is used to show our understanding of data and is one of the components of the information architecture. This model is also used in later stages of business system design and development.

Goal Setting

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A technique used to formulate specific targets for achieving an objective at a point in time. A goal is thus an operational transformation of one or more objectives. Goals can be set for enterprise-wide objectives, project objectives, activity-level, and/or quality-related objectives (see Objectives Setting).

Context Analysis

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A technique used to scope a process or an activity within a process. For the process or activity, examine the inputs (starting points), outputs (results or ending conditions), interfaces to other processes or activities, and external agents such as customers, regulators, suppliers, etc. It provides a platform to better understand the socio-cultural, political, economic and geographic factors that cause challenges.

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