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Project Management Terms: B (Backward Pass—Business Case)

Project Management Explained is your trusted source to exploring project management concepts and definitions. Here project management terms from BACKWARD PASS to BUSINESS CASE.

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  • Backward Pass. A project network diagramming technique for determining each schedule activity’s late start and late finish dates.
  • Baseline. The original approved project management plan plus all approved changes.
  • Basis of Estimates. The backup information to support how the estimates were developed.
  • Benchmarking. A technique for comparing a project, or parts of a project, against other projects to infer improvements and to provide some reference points to measure quality performance.
  • Benefits Management Plan. A document that describes the activities necessary for achieving the benefits of a project and when these planned benefits will be delivered. It also outlines metrics and procedures to measure progress against benefits.
  • Bidder Conference. A meeting between buyer and all prospective sellers to ensure that everyone bidding on a procurement request has all the information needed to compete in a fair, unbiased way.
  • Bottom-Up Estimating. The process of breaking down an activity into smaller pieces, then rolling up the estimates upwards to the level of the original activity to arrive at a total cost.
  • Brainstorming. A technique for gathering information that brings subject matter experts, team members, risk management team members, and anyone else who might benefit from the process together in a room and asks them to start identifying possible risk events.
  • Budget at Completion (BAC). The original total project budget to complete all the work.
  • Business Case. A document that examines business need and cost-benefits analysis of a project to justify the approval of the project and to set its boundaries.

Index of All Project Management Terms

  • 250 Project Management Terms: The Ultimate Guide to Project Management Lexicon

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Project Management Terms: B (Backward Pass—Business Case)


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