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Bar chart (= Gantt diagram)

Bar chart (= Gantt diagram)

A chart that shows objects as flat bars ordered chronologically. In process scheduling, the objects could be activities. The timeframe can be taken from the network diagram or it can be intuitive. Invented by the American mechanical engineer, Henry Laurence Gantt (1861-1919).

Baseline costs

Baseline costs

The scheduled total costs of a project are the total costs budgeted for in the project plan. Generally, baseline costs are production costs as opposed to the contract price of the project. (See Lifecycle costs)

Basic plan

Basic plan

An approved plan including all approved changes.

Benchmarking

Benchmarking

A method for the comparative evaluation of (complex) processes or organisations.

Bid review process

Bid review process

Evaluation of customer enquiries according to specific criteria (e.g. technological risk or customer's credit rating). It helps the management to decide whether or not to prepare a quotation in response to a customer enquiry.

Brainstorming (= brainwriting)

Brainstorming (= brainwriting)

A problem-solving technique that involves creating a comprehensive list of related ideas.

Budget (= budgeting)

Budget (= budgeting)

The allocation of funds for specific purposes (e.g. projects, sub-tasks, work packages).