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Performance-based contracting (PBC) or results-based contracting, is a procurement strategy used to achieve measurable supplier performance. A PBC approach focuses on developing strategic performance metrics and directly relating contracting payment to performance against these metrics.
S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.
WBS is a hierarchical and incremental decomposition of the project into deliverables (from major ones such as phases to the smallest ones, sometimes known as work packages). It is a tree structure, which shows a subdivision of effort required to achieve an objective, for example, a program, project, and contract. [6]
The project deliverables [1] The project non-goals (what is out of scope) [1] Milestones [2] Cost estimates [1] In more project oriented organizations the scope statement could also contain these and other sections: Project scope management plan [5] Approved change requests [5] Project assumptions and risks [5] Project acceptance criteria [5]
The statement of work should be directly linked to deliverables shown in the CDRL form. This is done by having each CDRL entry include reference to the SOW paragraph(s) that produces or uses the item, and the SOW text should be clear where it is discussing a deliverable by using the title or parenthesizing the item number (for example, "[A-001]").
A deliverable is a tangible or intangible good or service produced as a result of a project that is intended to be delivered to a customer (either internal or external). [ 1 ] [ 2 ] A deliverable could be a report, a document, a software product, a server upgrade or any other building block of an overall project. [ 3 ]
1. Work statement: Deliverable list with performance and objective specifications if not a service contract (no brand names except as an example) Measurable outcome deliverables in a service contract; Construction or architecture & engineering (A&E) (FAR Part 36) Schedule / milestones (included in work statement) 2.
The MoSCoW method is a prioritization technique used in management, business analysis, project management, and software development to reach a common understanding with stakeholders on the importance they place on the delivery of each requirement; it is also known as MoSCoW prioritization or MoSCoW analysis.