Search The Wiki For A Specific Term

Project Management


Variance

In common usage variance is the difference between a pre-established measure and an actual measure .(Wideman Comparative Glossary of Common Project Management Terms v2.1 ) Other Definitions Variance – A discrepancy between the actual and planned performance on a...

Value Engineering

Value Engineering is an organized effort to analyze the functions of systems, equipment, facilities, services, and supplies for the purpose of achieving the essential functions at the lowest life cycle cost consistent with required performance, reliability, quality,...