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APMP Section 5b
|The reference levels against which a project, programme or portfolio is monitored and controlled.
|Determines what is to be delivered, how much it will cost, when it will be delivered, how it will be delivered and who will carry it out.
|The process of delivering a number of nearly identical products to a number of users, usually after the product has been tested and shown to meet requirements.
|A group of activities represented as a single activity in a higher level of the same project.
|A measure of the work that has been completed for comparison with the baseline.
|Tracking performance against agreed plans and taking the corrective action required to meet defined objectives.
|The form of control that deals with routine progress tracking and corrective action using a feedback loop.
|The value of completed work expressed in terms of the budget assigned to that work.
|Earned value management
|A project control process based on a structured approach to planning, cost collection and performance measurement.
|A key event selected for its importance in the schedule.
|A graphic display of cumulative costs, labour hours or other quantities, plotted against time.
|A pictorial representation of the predicted completion dates of milestones or activities compared to their planned completion dates.
|An estimate in which the most likely mid-range value, an optimistic value and a pessimistic, worst case value are given.
|Top down cost estimating
|An estimating approach based on historical costs and other project variable.
|Program evaluation and review technique (PERT)
|A network analysis technique that calculates standard deviations for the schedule based on three-point estimates of activity durations.
|An estimating technique that uses detailed specifications to estimate time and cost for each product or activity.
|An estimating technique based on the comparison with, and factoring from, the costs of similar, previous work.
|A process where a consensus view is reached by consultation with experts.
|An approximation of project time and cost targets, refined throughout the project life cycle.
|The use of a range of tools and techniques to produce estimates.
|An estimating technique that uses a statistical relationship between historic data and other variables to calculate an estimate.
|Project management plan (PMP)
|A plan that brings together all the plans for a project.