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D
Data Date
(DD) The point in time that separates
actual (historical) data from future (scheduled) data. Also called
as-of date.
Definitive Estimate
See estimate.
Deliverable
Any measurable, tangible, verifiable
outcome, result, or item that must be produced to complete a project
or part of a project. Often used more narrowly in reference to an
external deliverable, which is a deliverable that is subject to
approval by the project sponsor or customer.
Dependency
See logical relationship.
Dummy Activity
An activity of zero duration used to
show a logical relationship in the arrow diagramming method. Dummy
activities are used when logical relationships cannot be completely
or correctly described with regular activity arrows. Dummies are
shown graphically as a dashed line headed by an arrow.
Duration
(DU) The number of work periods (not
including holidays or other non-working periods) required to complete
an activity or other project element. Usually expressed as workdays
or workweeks. Sometimes incorrectly equated with elapsed time. See
also effort.
Duration Compression
Shortening the project schedule without
reducing the project scope. Duration compression is not always possible
and often requires an increase in project cost.
E
Early Finish Date
(EF) In the critical path method, the
earliest possible point in time on which the uncompleted portions
of an activity (or the project) can finish based on the network
logic and any schedule constraints. Early finish dates can change
as the project progresses and changes are made to the project plan.
Early Start Date
(ES) In the critical path method, the
earliest possible point in time on which the uncompleted portions
of an activity (or the project) can start, based on the network
logic and any schedule constraints. Early start dates can change
as the project progresses and changes are made to the project plan.
Earned Value
(EV) (1) A method for measuring project
performance. It compares the amount of work that was planned with
what was actually accomplished to determine if cost and schedule
performance is as planned. See also actual cost
of work performed, budgeted cost of work
scheduled, budgeted cost of work performed,
cost variance, cost
performance index, schedule variance,
and schedule performance index. (2) The
budgeted cost of work performed for an activity or group of activities.
Earned Value Analysis
See definition (1) under earned
value.
Effort
The number of labor units required to
complete an activity or other project element. Usually expressed
as staffhours, staffdays, or staffweeks. Should not be confused
with duration.
Estimate
An assessment of the likely quantitative
result. Usually applied to project costs and durations and should
always include some indication of accuracy (e.g., + x percent).
Usually used with a modifier (e.g., preliminary, conceptual, feasibility).
Some application areas have specific modifiers that imply particular
accuracy ranges (e.g., order-of-magnitude estimate, budget estimate,
and definitive estimate in engineering and construction projects).
Estimate At Completion
(EAC) The expected total cost of an activity,
a group of activities, or of the project when the defined scope
of work has been completed. Most techniques for forecasting EAC
include some adjustment of the original cost estimate based on project
performance to date. Also shown as ''estimated at completion.''
Often shown as EAC = Actuals-to-date + ETC. See also earned
value and estimate to complete.
Estimate To Complete
(ETC) The expected additional cost needed
to complete an activity, a group of activities, or the project.
Most techniques for forecasting ETC include some adjustment to the
original estimate based on project performance to date. Also called
''estimated to complete.'' See also earned
value and estimate at completion.
Event-on-Node
A network diagramming technique in which
events are represented by boxes (or nodes) connected by arrows to
show the sequence in which the events are to occur. Used in the
original Program Evaluation and Review Technique.
Exception Report
Document that includes only major variations
from plan (rather than all variations).
Expected Monetary Value
The product of an event's probability
of occurrence and the gain or loss that will result. For example,
if there is a 50 percent probability that it will rain, and rain
will result in a $100 loss, the expected monetary value of the rain
event is $50 (.5 x $100).
©2001, Strategic Management Group, Inc.
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