| Because
projects vary in scope, how resources are
applied, and how significant the considerations
of timely completion and funding sources are,
there are many engineering/business words/terms
that are used. The following are incorporated
in this Guide. |
| Baseline
- The initial budget and schedule developed
to achieve the goals. |
| Basic
Design Package - Further development of
Conceptual Engineering to be able to solicit
independent confirmation of the project costs
and timing (when construction or manufacture
is involved). |
| Conceptual
Engineering - Further development of the
concept from the Planning Study to arrive
at a decision to invest (apply additional
resources). |
| Critical
Path - The critical path is, by definition,
the subset of activities that must be completed
on schedule in order to complete the overall
project on time. |
| Deliverables
- A performance standard for each sub-unit
or task. Examples are drawings or specifications,
or finished products. |
| Milestones
- When depicting a Project Schedule, it sometimes
becomes necessary to introduce a milestone
in order to preserve the accuracy of the representation.
A milestone is a fictitious activity of null
duration. It has a cost of zero. However,
it does have a reality in that it may not
commence before any of its precedents are
completed and none of its successors may begin
until it has been completed. It is usually
reserved to demonstrate a significant event.
Examples are "Ready for Testing" or Manufacture. |
| Network
- The interdependencies of the component tasks.
|
| Physical
Progress - A measurement of actual items
not related to the cost. For example, the
number of drawings issued that can be related
to the total expected. |
| Planning
Study - The initial technical and financial
evaluation of a concept to determine if additional
investment in resources is warranted. |
| Predecessor
- An activity that must precede another. |
| Quality
- An attribute that describes an acceptable
element of scope or design detail. |
| Resources
- Capital or Human resources. |
| Scope
- The project scope defines technical requirements
(systems, equipment, facility requirements)
for the product or facility. |
| Successor
-
An activity that must follow another. |
| Work
Breakdown Structure - Project activities
broken down into sub-units or steps that are
of a reasonable duration. |
