Search The Wiki For A Specific Term

Costing


Shiftwork

While there is no precise definition of what shiftwork is, most studies on shiftwork classify shiftworkers as anyone working outside regular daytime hours (i.e. between approximately 7 AM and 6 PM, Monday through Friday). Under these definitions, shiftworkers include...

PROOF Type Markup

The colloquial expression used to describe a markup methodology taught by Irv Chassen and the management consulting company he founded known as PROOF that places the responsibility of recovering overhead costs solely on the labor or available production capacity a...

Percentage Completion

An assessment of how far along a task has progressed as a percentage of its total duration. As the assessment is very often subjective, it should not be relied upon as a firm basis for quantitative analysis of a project’s progress. A better approach is the use of...