Glossary of PM Terms
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- Near-Critical Activity
- A low total float activity.
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- Negative Float
- The amount of time by which the early date of an activity exceeds its late date.
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- Negotiated Contract Cost
- The estimated cost negotiated in a Cost-Plus-Fixed-Fee Contract or the negotiated contract target cost in either a Fixed Price-Incentive Contract or a Cost-Plus-Incentive-Fee Contract. See also Contract Target Cost.
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- Negotiation
- The art of achieving what you want from a transaction, leaving all other parties involved content that the relationship has gone well.
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- Network
- Network analysis is the process of identifying early and late start and finish dates for project activities. This is done with a forward and backward pass through the project. Many PM software tools will check for loops in the network and issue an error message if one is found. The error message will identify the loop and all activities within it.
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- Network Analysis
- Network analysis is the process of identifying early and late start and finish dates for project activities. This is done with a forward and backward pass through the project. Many PM software tools will check for loops in the network and issue an error message if one is found. The error message will identify the loop and all activities within it.
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- Network Diagram
- A view of project data in which the project logic is the sole determinant of the placements of the activities in the drawing. Frequently called a flowchart, PERT chart, logic drawing or logic diagram.
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- Network Logic
- The collection of activity dependencies that make up a project network.
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- Network Path
- A series of connected activities in a project network.
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- Nonrecurring Costs
- Expenditures against specific tasks that are expected to occur only once on a given program. Examples are such items as preliminary design effort, qualifications testing, initial tooling, and planning.
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- Not Earlier Than
- A restriction on an activity that indicates that it may not start or end earlier than a specified date.
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- Not Later than
- A restriction on an activity that indicates that it may not start or end later than a specified date.
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