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  2. Glossary of project management - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_project_management

    Project plan is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed. [7]

  3. Net present value - Wikipedia

    en.wikipedia.org/wiki/Net_present_value

    NPV is an indicator of how much value an investment or project adds to the firm. With a particular project, if is a positive value, the project is in the status of positive cash inflow in the time of t. If is a negative value, the project is in the status of discounted cash outflow in the time of t. Appropriately risked projects with a positive ...

  4. Project management triangle - Wikipedia

    en.wikipedia.org/wiki/Project_management_triangle

    James P. Lewis [7] suggests that project scope represents the area of the triangle, and can be chosen as a variable to achieve project success. He calls this relationship PCTS (Performance, Cost, Time, Scope), and suggests that a project can pick any three. The real value of the project triangle is to show the complexity that is present in any ...

  5. Expected commercial value - Wikipedia

    en.wikipedia.org/wiki/Expected_commercial_value

    A project value is computed for each scenario, and the expected commercial value is obtained by multiplying each situation's value by the scenario odds and adding the results. Depending on the procedures used to estimate the value of the project under each scenario, ECV can be a useful way to address project uncertainties.

  6. Earned value management - Wikipedia

    en.wikipedia.org/wiki/Earned_value_management

    Earned Value Management – an introduction. Philipson Biz. ISBN 978-91-977394-5-0; Project Management Institute (2005). Practice Standard for Earned Value Management. Project Management Institute. ISBN 1-930699-42-5; Solomon, Paul and Ralph Young (2006). Performance-Based Earned Value. Wiley-IEEE Computer Society. ISBN 978-0-471-72188-8

  7. Benefit–cost ratio - Wikipedia

    en.wikipedia.org/wiki/Benefit–cost_ratio

    A benefit–cost ratio [1] (BCR) is an indicator, used in cost–benefit analysis, that attempts to summarize the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or proposal, expressed in monetary terms, relative to its costs, also expressed in monetary terms.

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  9. Value breakdown structure - Wikipedia

    en.wikipedia.org/wiki/Value_breakdown_structure

    The main purpose of the value breakdown structure is to prioritize components and work by the value they are expected to add, and to ensure that the value of the project investment is not reduced by the inclusion of work which has a value-added that is less than its true cost, which is the sum of its resource costs and its drag cost.