Glossary

Activity: The lowest level of the WBS. A packet of work that forms the basic building block of a plan or network.
Activity Network: A network made up of two or more activities with dependency.
Actual Cost: The actual money spent in performing an activity so far.
Actual Cost of Work Performed (ACWP): The CSCS term for actual cost.
Additional Cause Reservation: A reservation applied to a Thinking Process tree suggesting that there may be an additional cause that create an effect at least one third of the time.
Banana: Title for the logical and on a Thinking Process tree, represented by a flat oval connecting the causality arrows to be anded.
Bar Chart: See Gantt Chart. A chart of the known watering holes of the project team. For use when a crisis occurs after normal working hours.
Body of Knowledge: A document produced by the PMI, which defines areas of knowledge that make up the discipline of project management.
Bottleneck: The constraint in a production flow process. The capacity-limiting process step. The critical chain is a single-project bottleneck. A company may also have company resource constraints.
Budget: The planned cost for a project, or the BCWS. It may also include a cost buffer, or a budget contingency.
Budgeted Cost of Work Performed (BCWP): Earned value of work done, equal to the amount that was budgeted for the activities completed.
Budgeted Cost of Work Scheduled (BCWS): The value of work that should have been completed by the current...

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Critical Chain Project Management, Second Edition

TABLE OF CONTENTS

Glossary

A-C

Critical Chain Project Management, Second Edition

TABLE OF CONTENTS

Glossary

A-C

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