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Unformatted text preview: See reserve. Calendar Unit. The smallest unit of time used in scheduling the project. Calendar units are generally in hours, days, or weeks, but can also be in shifts or even in minutes. Used primarily in relation to project management software. Change Control Board (CCB). A formally constituted group of stakeholders responsible for approving or rejecting changes to the project baselines. Chart of Accounts. Any numbering system used to monitor project costs by category (e.g., labor, supplies, materials, and equipment ). The project chart of accounts is usually based upon the corporate chart of accounts of the primary performing organization. See also code of accounts. Charter. See project charter. Checklist. A listing of many possible risks that might occur on a project. It is used as a tool in the risk identification process. Checklists are comprehensive, listing several types of risk that have been encountered on prior projects. Application Area | Cost Estimating 198 NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST ACROYMNS LIST A Guide to the Project Management Body of Knowledge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA Glossary Code of Accounts. Any numbering system used to uniquely identify each element of the work breakdown structure. See also chart of accounts. Communications Planning. Determining the information and communications needs of the project stakeholders: who needs what information, when they will need it, and how it will be given to them. Component. A constituent part, an element. Constraint. Applicable restriction that will affect the performance of the project. Any factor that affects when an activity can be scheduled. Contingencies. See reserve and contingency planning. Contingency Allowance. See reserve. Contingency Planning. The development of a management plan that identifies alternative strategies to be used to ensure project success if specified risk events occur. Contingency Reserve. The amount of money or time needed above the estimate to reduce the risk of overruns of project objectives to a level acceptable to the organization. Contract. A contract is a mutually binding agreement that obligates the seller to provide the specified product and obligates the buyer to pay for it. Contracts generally fall into one of three broad categories: Fixed-price or lump-sum contracts--this category of contract involves a fixed total price for a well-defined product. Fixed-price contracts may also include incentives for meeting or exceeding selected project objectives, such as schedule targets. Cost-reimbursable contracts--this category of contract involves payment (reimbursement) to the contractor for its actual costs. Costs are usually classified as direct costs (costs incurred directly by the project, such as wages for members of the project team) and indirect costs (costs allocated to the project by the performing organization as a cost of doing business, suc...
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- Fall '13
- The American