GLOSSARY
Actual cost of work performed (ACWP) The amount of money spent on the project activities up until a given date.
Assumptions Statements made during a project that are not based on known or certain facts.
Baseline A stake-in-the-sand view of a project schedule, budget or other moveable activity which provides a comparison of the actual situation against the expected situation.
Business-as-usual Day-to-day activity as distinct from project activity.
Change control The process of managing change in a controlled way.
Change management See change control.
Contingency Provision made within the project planning stages to allow for unforeseen circumstances; usually built into the budget or schedule.
Critical path The longest route through a ...
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