Glossary F Flashcards
(11 cards)
Fast Tracking.
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
Feature.
A set of related requirements or functionalities that provides value to an organization
Firm Fixed Price Contract (FFP).
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
Fixed Duration.
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
Fixed-Price Contract.
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.
Fixed Price Incentive Fee Contract (FPIF).
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
Fixed Price with Economic Price Adjustment Contract (FPEPA).
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.
Flow.
The measure of how efficiently work moves through a given process or framework
Flowchart.
The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system
Forecast.
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
Function Point.
An estimate of the amount of business functionality in an information system, used to calculate the functional size measurement of a software system