Glossary F Flashcards

(11 cards)

1
Q

Fast Tracking.

A

A schedule compression method in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration

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2
Q

Feature.

A

A set of related requirements or functionalities that provides value to an organization

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3
Q

Firm Fixed Price Contract (FFP).

A

A type of fixed-price contract where the buyer pays the seller a set amount (as defined by the contract), regardless of the seller’s costs

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4
Q

Fixed Duration.

A

A type of activity where the length of time required to complete the activity remains constant regardless of the number of people or resources assigned to the activity

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5
Q

Fixed-Price Contract.

A

An agreement that sets the fee that will be paid for a defined scope of work regardless of the cost or effort to deliver it.

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6
Q

Fixed Price Incentive Fee Contract (FPIF).

A

A type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets defined performance criteria

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7
Q

Fixed Price with Economic Price Adjustment Contract (FPEPA).

A

A fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decreases) for specific commodities.

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8
Q

Flow.

A

The measure of how efficiently work moves through a given process or framework

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9
Q

Flowchart.

A

The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system

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10
Q

Forecast.

A

An estimate or prediction of conditions and events in the project’s future based on information and knowledge available at the time of the forecast

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11
Q

Function Point.

A

An estimate of the amount of business functionality in an information system, used to calculate the functional size measurement of a software system

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