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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Change Control Board

Change Control Board
A formally charted group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating such decisions.
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Change Control System

Change Control System
A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.
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Change Request

Change Request
A formal proposal to modify any document, deliverable, or baseline.
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Code of Accounts

Code of Accounts
A numbering system used to uniquely identify each component of the work breakdown structure (WBS).
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Communication Management Plan

Communication Management Plan
A component of the project, program, or portfolio management plan that describes how, when, and by whom information will be administered and disseminated.
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Constraint

Constraint
A limiting factor that affects the execution of a project, program, portfolio, or process.
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Control Account

Control Account
A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.
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