Project Management Terminology
Activity Attributes. Multiple attributes associated with each schedule activity that can be included within the activity list. Activity attributes include activity codes, predecessor activities, successor activities, logical relationships, leads and lags, resource requirements, imposed dates, constraints, and assumptions.
Cost Plus Incentive Fee Contract (CPIF). A type of cost-reimbursable contract where the buyer reimburses the seller for the seller’s allowable costs (allowable costs are defined by the contract), and the seller earns its profit if it meets defined performance criteria.
FF (english) : Finish-to-Start
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Question to a Project Management Professional
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At what stage do you use analogous estimation rather than Bottom up?
Answer & Explanation
Explanation : You use analogous estimation at the very early phases of the project: such techniques is easier (based on historical information) to get but it is less accurate than bottom-up for instance. It is even a technique used during project selection activities.
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- Reason 1: Better opportunities for attractive positions
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