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A project management technique for measuring project performance and progress in an objective manner. In the construction industry, EVM could be applied to measure the budget and schedule performance indices for tasks like framing or roofing, providing early indicators of project overruns.

A technique in project management that attempts to minimize the fluctuation of resource allocation and ensure that resources are used efficiently across the project duration. For example, if several different skill sets are needed at various intensities throughout a construction project, resource leveling would help to ensure that no resource is over- or underutilized at any time.

The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison. For a construction project, the baseline might consist of the approved project schedule, budget, and scope which any changes would be measured against.

The process of selecting, purchasing, and managing resources and relationships with vendors. In the construction field, procurement management would govern the process of selecting subcontractors and sourcing materials required for the building process.

The excess of actual cost over budget. In construction projects, cost overruns might occur due to changes in material prices, project scope changes, or unforeseen complications during construction.

The process used by an organization to engage relevant stakeholders for a purpose to achieve accepted outcomes. In a construction project, engaging stakeholders such as the project owner, local community, and regulatory bodies is important to ensure the project meets their needs and is compliant with regulations.

A technique used to shorten the schedule duration for the least incremental cost by adding resources to the project. An example of crashing in construction could involve adding a second shift of workers or extra equipment to speed up the completion of the project phase.

Documents, samples, or other formal written requests that contractors put forth to architects for approval before they are allowed to proceed with the work or purchase a product. An example is when a contractor submits a paint color sample to the architect for approval in a construction project.

A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables. In construction, a WBS might include levels for different phases such as design, procurement, and construction, with further breakdown into individual tasks like electrical work or plumbing.

A document listing work not conforming to contract specifications, typically a list of items to be corrected or completed on a construction project before final payment. A punch list might include tasks like touch-up painting, hardware installation, or correcting issues found during a walk-through.

Offering a price to execute particular work under specified conditions, where a contract will be awarded to the bidder who is conforming to the bidding conditions with the lowest price. In construction, companies would submit their bids to complete the proposed work, and the client typically selects the contractor with the best combination of price and perceived reliability.

A document issued by the project initiator or sponsor that formally authorizes the existence of a project, and provides the project manager with the authority to apply organizational resources to project activities. In construction, the charter would outline the vision, objectives, scope, and stakeholders involved in the project.

A type of bar chart that illustrates a project schedule. In construction projects, a Gantt chart can be used to visualize the construction sequence and scheduling of tasks such as site preparation, concrete pouring, and finishing work across a timeline.

The process of identifying, assessing, and controlling threats to an organization's capital and earnings. In construction project management, risk management involves identifying potential risks like delays due to weather or supply shortages and developing strategies to mitigate these risks.

A security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property. In construction, a contractor or material supplier may file a mechanic's lien against a property if they have not been paid, potentially complicating the property's sale or refinancing.

A standard business process whose purpose is to collect written information about the capabilities of various suppliers. In construction, an RFI may be used to clarify or question certain aspects of the project design or specifications.

A provision commonly found in construction contracts that serves as a measure for compensating the owner for delays. For example, the construction contract may state that the contractor owes the owner a certain amount of money for every day past the agreed project completion date.

The sequence of stages determining the minimum time needed for an operation, especially when analyzed on a computer for a large organization. In a construction project, it is the longest duration path through a project network diagram, and it defines the minimum completion time for the project. For example, the critical path for a building construction would include key tasks such as foundation work, structure framing, and inspections.

A systematic method to improve the 'value' of goods or products and services by using an examination of function. In construction, value engineering might involve choosing a more cost-effective building material that meets the project requirements but at a lower overall cost.

Specific points along a project timeline to denote the completion of a set of related activities. In construction, milestones might be the completion of the foundation, structural frame, or the entire project, which often tie to payment schedules or the release of the next phase of work.

The set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC in a construction project might include site inspections and material quality testing to ensure that the work is being performed to the specified standards.

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources. In construction projects, scope creep might occur when a client requests extra features for a building that were not included in the original plan or contract, leading to delays and increased costs.

The action of planning how to use one's time to complete tasks effectively. In construction management, a detailed schedule would include all phases of construction, outlining the timing and duration of each construction task, from groundbreaking to final inspection.

A formal document used to record an amendment to the original construction project agreement. An example would be if additional foundation reinforcements are needed after discovery of weaker substrate soil, resulting in a change order to account for the extra work and materials.

The part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines. For a construction project, the scope would outline the size of the building, the materials used, the quality standards, and the work to be performed.

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project completion date. In the context of a construction project, float is the extra time that you can take to complete a task, such as ordering materials, without delaying the entire project.

A way of preventing mistakes or defects in manufactured products and avoiding problems when delivering solutions or services to customers. In construction, QA involves the systems put in place to ensure that building standards and specifications are met throughout the construction process.

A strategy to shorten the project schedule by performing more activities in parallel. In the context of a construction project, fast tracking could mean starting the construction of the second floor of a building before the first floor is fully completed, assuming safety measures are in place.

Any individual, group or organization that can affect, be affected by, or perceive itself to be affected by a program or project. In the context of a construction project, stakeholders include the client, contractors, suppliers, the local government, and the community.