Copyright
Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2017.

Please feel free to point to this document. For non-profit purposes you may copy this page provided the above copyright notice is attached. For inclusion in for-profit works, please contact the author at maxw@maxwideman.com

Last updated 12-22-17

Master Glossary
Consequences   - to -   Contingency
***  prev

Term
Definition     Editor's Choice
Cat Source
Consequences
The results following some activity or activities. [D02522]

N

 RMW
Consideration
In contract law, something of value. It may be money, an act, or a promise. It is one of the key elements required to have a binding contract. [D03473]

JN
CH

 GAT
An inducement to a contract: the cause, motive, price, or impelling influence that leads a party to enter into a contract. Generally requires two elements:
  1. Something that must be given that the laws regards as sufficient legal value for the purpose, either a benefit to the seller or a detriment to the buyer, and
  2. The something (benefit or detriment of legal value) must be dealt with by the parties as the agreed-upon price or exchange for the promise.
[D05945]

N

 PMTWG
Considerations
Aspects to be evaluated. Also, some form of compensation in return for something done. [D02523]

N

 RMW
Consistency
The degree of uniformity, standardization, and freedom from contradiction among the documents or parts of a system or component. [D05169]

N

 SA-CMM
Consolidate
To bring together into one logical grouping. [D02524]

N

 RMW
Consortium
A form of partnership involving a number of parties. [D02526]

FGN

 RMW
A business relationship (usually international) between one company and another company (or division of the same company) in which one party has primary responsibility. [D02525]

FG

 PMDT
Constant Estimate
An estimate of cost pegged to a specific calendar date. Applying estimated escalation rates for various cost factors, the constant estimate may be converted into a Current Estimate. [D06390]

JN

 Costin
Constituents
Anyone who is impacted by a project, often as members of the public, but not directly involved as participants. A subset of Stakeholders. [D03126]

J
CHM

 RMW
Constraint
A restriction that must be balanced with all other constraints to achieve project success. The four primary and universal project constraints are scope, quality grade, time and resources. [D00292]

FGJ
CHMT

 026
A restriction or limitation you set on the start or finish dated of a task. [D00290]

N

 MSP98
Applicable restriction which will affect the scope. Any factor which affects when an activity can be scheduled. (See Restraint.) [D00291]

N

 PMK87
Constraint, project constraint
A factor that will limit the project management team's options. For example, a predefined budget is a constraint that may limit the team's scope, staffing and schedule options. [D04950]

J

 042
Constraints
Restrictions or boundaries impacting overall capability, priority, and resources. [D02290]

FGJN
CHMT

 DSMC
A generic term for factors affecting the possible start and finish dates of an activity including logic and imposed dates. [D03816]

N

 PNG
Constructability
The extent to which the design of a structure facilitates ease of construction, subject to the overall requirements for the completed form. [D02184]

JN
C

 013 Feb'96
The optimum use of construction knowledge and experience in planning, engineering, procurement and field operations to achieve the overall objective. [D02185]

J
C

 013 Feb'96
Construction
All the work involved in assembling resources and putting together the materials required to form a new or changed facility. [D02528]

JN
C

 RMW
The organization and coordination of all the resources needed to complete the erection, installation, or assembly of a new facility. [D02527]

J
C

 PMDT
In software development, the third phase of the Unified Process, in which the results and plan developed in the elaboration phase are funded for full scale construction. Full scale construction involves a progressively advancing set of iterations for creating and thorough testing of all remaining components and application features integrated into the final product. This brings the whole to a state ready for transition to the care, custody and control of the customer. The four phases of the Unified Process are Inception, Elaboration, Construction, and Transition. [D04815]

J
T

 RMW
Construction Contractor
A corporation or individual who has entered into a contract with the organization to perform construction work. [D00293]

GJ
C

 CCCP
Construction Cost
Any of the cost types (appropriations, commitment, expenditure or estimate to complete) associated with the scope of the construction work. See also project cost. [D00294]

GJ
C

 CCCP
Construction Management ("CM")
The process by which a potential owner of a capital facility engages a professional agent, referred to as a construction manager, to coordinate, communicate and direct the entire process of construction from the project planning stage through design, procurement, construction and startup, in terms of scope, quality, time and cost. [D00296]

GJN
C

 PMK87
A company that performs the duties of the construction manager and his/her staff. Especially on large construction projects, such firms may take over the role of a general contractor, by providing day-to-day supervision and direction of activities by general and subtrade construction contractors. [D00295]

GJ
C

 CCCP
Construction Manager
The title of a position on the project team. This person is responsible to the project manager for directing the construction of a project within authority and responsibility limits, usually established by the contract. On smaller projects, a construction contractor may assign this role to a superintendent. [D00297]

GJ
C

 CCCP
Construction Stage
That part of a project life span during which the construction work is carried out. See also implementation phase. [D00298]

FGJ
CHMT

 CCCP
Construction Work
The construction, rehabilitation, alteration, conversion, extension, demolition, or repair of buildings, highways, or other changes or improvements to real property, including facilities providing utility services. The term also includes the supervision, inspection, and other on-site functions incidental to the actual construction. [D03474]

J
C

 GAT
Construction-Oriented
Bias towards a construction environment. [D02529]

J
C

 RMW
Constructive Challenge
Informed interrogation and discussion of proposed concepts/solutions by peers and experts to ensure that the concepts/solutions are well founded and justified. [D04043]

N

 CSM
Constructive Change
An owner's action or inaction that impacts the contractor's working conditions and hence constitutes an unauthorized modification of the original contract intent. [D03475]

GJN
CHMT

 RMW
Consultant
One who provides some specialized service based on their special qualifications, education or experience. [D02530]

FGJ
CHMT

 RMW
Consultative-autocratic Management Style
A management approach in which extensive information input is solicited from team members, but the project manager makes all substantive decisions. [D05946]

J
HMT

 SU
Consulting
The services provided by a consultant. [D02531]

J
HMT

 RMW
Consumable Resource
A type of resource that remains available until consumed (for example, a material). [D00299]

J
C

 WST
Consumables
Supplies that are consumed in the course of a project. A collective term representing a wide variety of items too small to be accounted for individually, although generally identified by groupings. [D02532]

GJ
CH

 RMW
Consumer
Any user of a product, or one who consumes it. [D05947]

J
CHM

 BRM
Consumer's Risk
The probability of accepting an unacceptable lot, because of a better than average quality in the sample. [D06391]

J
CHM

 Costin
Contemplated Change Notice
A form issued to a construction contractor requesting its quotation for a proposed change in the scope of work that would be included in its contract. [D00300]

GJ
CHM

 CCCP
Contending, in negotiating
An effort to persuade the other side to make a proposal more favorable to you but less favorable to them. [D02731]

N

 PMH p343
Content
All that is included, or contained. [D02533]

N

 RMW
Content Type
The subdivision of contents into separate groupings or types. [D02534]

N

 RMW
Context
The background within which something is reviewed, determined, decided, or otherwise happens. [D02535]

N

 RMW
Contingencies
Specific provision(s) to mitigate random or unknown project risks from causing project failure or frequent baseline changes. [D04320]

JN
CHM

 026
See Reserve and Contingency Planning. [D00301]

N

  
Specific provision for unforeseeable elements of cost within the defined project scope; particularly important where previous experience relating estimates and actual costs has shown that unforeseeable events which will increase costs are likely to occur. If an allowance for escalation is included in the contingency it should be shown as a separate item, determined to fit expected escalation conditions for the project. [D00302]

N

 PMK87
Contingency
Provision made for variations in the base estimate of time or cost that are likely to occur and that cannot be specifically identified at the time of estimating. Contingency is NOT meant to cover scope changes or extraordinary random events. Most corporate managers agree that contingency should be the amount required to bring the estimate to the point of a 50/50 chance of overrun or under run. [D05621]

FGJN
CHM

 070
A Contingency is the planned allotment of time and cost for unforeseeable elements with a project. By including contingencies, the overall confidence in the project's outcome will be increased. [D00303]

JN
CHM

 WST
An amount of design margin, time, or money inserted into the corresponding plan as a safety factor to accommodate unexpected and presently unknown occurrences that judgment suggests will occur during the project. [D00304]

N

 SPM 304-9
Incidental expense. [D00305]

N

 NPMT
As a result of risk analysis sums of money or amounts of time may be set aside as contingency which may be used in the event of risks occurring.
Editor's Note: Contingency should be shown in the plan as a separate item and not hidden in activities as "an extra 10%" on duration or cost. [D03817]

N

 PNG
A component of the authorized appropriation or estimated cost at completion for the project's scope of work or a particular cost class. Contingency is an estimator's allowance for the cost of unknowns, changes to make things work or estimating error. The anticipated award price of a cost class may also contain allowance for escalation. However, a reserve for scope changes is not a contingency in the same sense. A Scope Change Reserve is an allowance from which transfers can be made into specific cost classes when the scope of work in the class is amended by the owner. The appropriation for that class should be amended accordingly following the transfer. [D00306]

JN

 CCCP
Time, effort or money added to the project plan to compensate for uncertainty. [D02190]

N

 PMMJ97
An amount added to an estimate (as a separate and distinct item) to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. Typically estimated using statistical analysis or judgment based on past asset or project experience. Contingency usually excludes the following items that are provided for elsewhere:
  • Major scope changes such as changes in end product specification, capacities, building sizes, and location of the asset or project;
  • Extraordinary events such as major strikes and natural disasters;
  • Management reserves; and
  • Escalation and currency effects.
  • Some of the items, conditions, or events for which the state, occurrence, and/or effect is uncertain (i.e. contained within this definition of "contingency") include, but are not limited to, planning and estimating errors and omissions, minor price fluctuations (other than general escalation), design developments and changes within the scope, and variations in market and environmental conditions. Contingency is generally included in most estimates, and is expected to be expended. See also Management Reserve. [D05948]

    N

     048 10S-90, 2007
    Definitions for page C08: 54

    ***  prev

    Home | Issacons | PM Glossary | Papers & Books | Max's Musings
    Guest Articles | Contact Info | Top of Page