Claims Administration The managing contract is very important in project management. Contracts set the professional relationship between the buyer and seller thus...
Defect There are two traditional meanings for the word “defect“. The verb “to defect” can refer to the act of leaving...
Product Life Cycle In terms of project management, the concept of a product life cycle actually mirrors very closely what we would think...
Activity Code Activity code represents one or more specific values that are assigned to each schedule. Each of these codes are unique...
Budgeted Cost of Work Performed See earned value (EV). This term is defined in the 3rd and the 4th edition of the PMBOK. Get free...