1. An event or occurrence that could affect the execution of the project that may be accounted for with a reserve.
  2. The realized cost incurred for the work performed on an activity during a specific time period.
  3. A quantifiable deviation, departure, or divergence away from a known baseline or expected value.
  4. See project schedule network diagram.
  1. See precedence diagramming method (PDM).
  2. A contract is a mutually binging agreement that obligates the seller to provide the specified product or service or result and obligate the buyer to pay for it.
  3. The process of calling public attention to a project or effort.
  4. An actual condition that is different from the expected condition that is contained in the baseline plan.


  1. Contingency
  2. Actual Cost
  3. Variance
  4. Activity Network Diagrams
  1. Activity-on-Node
  2. Contract
  3. Advertising
  4. Variation