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Project Management

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Baseline

Fri, 07/22/2016 - 00:11  |  ypm_admin
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

Fri, 07/22/2016 - 00:10  |  ypm_admin
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)

Fri, 07/22/2016 - 00:05  |  ypm_admin
Budget At Completion (BAC)
The sum of all budgets established for the work to be performed.
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Change Control

Fri, 07/22/2016 - 00:03  |  ypm_admin
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

Fri, 07/22/2016 - 00:01  |  ypm_admin
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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