- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The process of placing responsibility on the designers and implementers to perform within established budgets. Actual and budget project costs are compared. Two principles apply: (1) There must be a basis for comparison; and (2) Only future costs can be controlled.
Industry:Business services
A relation between activities, such that one requires input from the other.
Industry:Business services
A peer level review/due diligence analysis on the scope schedule and cost estimate for projects. Evaluates the quality and completeness, including anticipated risk and variability, of the projected cost and schedule. (Some call this “CEVP light.” See also CEVP.)
Objective: The SCoRE workshop is intended to provide an Evaluation of the cost and schedule estimates for a WSDOT or Regional transportation project. It considers data about the project brought by representatives of the project team. The depth, detail and completeness of the project team information will be a determining factor in the final SCoRE output and it is critical to have a clearly defined scope for the project at the beginning of the workshop. If there is uncertainty about scope, this issue must be resolved at the start of the session.
Industry:Business services
(1) A procurement or project delivery arrangement whereby a single entity (a contractor with subconsultants, or team of contractors and engineers, often with subconsultants) is entrusted with both design and construction of a project. This contrasts with traditional procurement, where one contract is bid for the design phase and then a second contract is bid for the construction phase of the project.
(2) A project delivery method where a design-build contractor (contractor-led D-B), A/E design professional (design-led D-B), or CM (CM-led D-B) is directly responsible for both the total project design and construction of the project. Design-Build liability can be explicitly conveyed through the contract documents, or implicitly conveyed through the assumption of project-specific design liability, via performance specifications.
(3) A written agreement between and contractor and owner wherein the contractor agrees to provide both design and construction services.
Industry:Business services
Graphic display of cumulative costs, labour hours, percentage of work, or other quantities, plotted against time. The name derives from the S-like shape of the curve (flatter at the beginning and end, steeper in the middle) produced on a project that starts slowly, accelerates, and then trails off. Also a term for the cumulative likelihood distribution that is a result of a simulation, a tool of quantitative risk analysis.
Industry:Business services
A subset of project management that includes the processes required to make the most effective use of the people involved with the project. It consists of organisational planning, staff acquisition, and team development.
Industry:Business services
A contract structure where both design and construction responsibility are vested in a single contractor.
Industry:Business services
A risk that arises as a direct result of implementing a risk response.
Industry:Business services
Launching a process that can result in the authorization and scope definition of a new project.
Industry:Business services
A contractor that provides design and construction services under a single responsibility contractto an owner.
Industry:Business services
