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  2. Budgeted cost of work performed - Wikipedia

    en.wikipedia.org/wiki/Budgeted_cost_of_work...

    BCWP is a term in Earned value management approach to Project management. BCWP is contrasted to Budgeted Cost of Work Scheduled (BCWS) also called Planned Value (PV) . BCWS is the sum of the budget items for all work packages, planning packages, and overhead which was scheduled for the period, rather than the cost of the work actually performed.

  3. Glossary of construction cost estimating - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_construction...

    For specific project, location, or conditions the productivity factor is 0.80. The resulting production rate for that is 150 x 0.8 = 120 cy/day. The actual productivity factor for a project or subset of production rates (or man-hour rates) is the ratio of the actual production rate to the estimated production rate.

  4. Prevailing wage - Wikipedia

    en.wikipedia.org/wiki/Prevailing_wage

    [6] State level rates are calculated using various methods including an average of all wage rates paid, the mode, or based on collectively bargained rates. The H-1B visa program requires employers to "pay the prevailing wage or the actual wage paid by the employer to workers with similar skills and qualifications, whichever is higher". [7]

  5. Project manager - Wikipedia

    en.wikipedia.org/wiki/Project_manager

    US Navy Chief of Naval Operations (CNO) Adm. Gary Roughead (left) talks with project managers. A project manager is a professional in the field of project management.Project managers have the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined finish; regardless of industry.

  6. Construction management - Wikipedia

    en.wikipedia.org/wiki/Construction_management

    The construction project manager is sometimes referred to as an "Owner's Representative." The CM's role is to represent the interests of the Owner throughout the various phases of a project beginning as early as feasibility studies and conceptual planning of the project. Construction Managers help to inform good decision making on behalf of the ...

  7. Hourly worker - Wikipedia

    en.wikipedia.org/wiki/Hourly_worker

    As of October 2023, France has the highest hourly minimum wage at $13.80 per hour. [1] The United States has a comparatively low minimum wage for hourly workers at $7.25 per hour. Unusually, this rate does not apply to tipped employees, who are only entitled to an hourly wage of $2.13, which contributes to a strong tipping culture in the country.

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