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This website contains information that has collected over the years about the field of Project Management. Most of the information is provided free of charge. Every effort is made to insure that the information is accurate. However, errors may exist. Please be aware that the information is free and it is not guaranteed. If you discover an error please notify the webmaster. Any error will be corrected as soon as possible.

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Standard

Standard
A formal document that describes established norms, methods, processes, and practices.
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Analogous Estimating

Analogous Estimating
A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project.
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Apportioned Effort

Apportioned Effort
An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. Apportioned effort is one of three earned value management (EVM) types of activities used to measure work performance.
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Assumption

Assumption
A factor in the planning process that is considered to be true, real, or certain, without proof or demostration.
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Backward Pass

Backward Pass
A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.
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Baseline

Baseline
The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.
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Bottom-Up Estimating

Bottom-Up Estimating
A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS).
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Budget At Completion (BAC)

Budget At Completion (BAC)
The sum of all budgets established for the work to be performed.
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Change Control

Change Control
A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected.
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