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Natural person

Natural person

In jurisprudence, a natural person is a human being perceptible through the senses and subject to physical laws, as opposed to an artificial person, i.e., an organisation that the law treats for some purposes as if it were a person distinct from its members or owners.

Net value (= value of work performed, actual cost to complete, projected costs of work/ services performed, earned value)

Net value (= value of work performed, actual cost to complete, projected costs of work/ services performed, earned value)

A substantiated remuneration claim, based on work performed, which is generally calculated as the cost to complete.

Network of contracts

Network of contracts

All agreements between the project (as customer) and the line (as contractor) with regard to work and services performed for the project.

Network re-planning

Network re-planning

A measure often necessary in scheduling. Also called rescheduling or shortening. If the project is expected to overrun the specified or required finish date, it can be re-planned by:

  • Overlapping critical activities
  • Shortening critical activities
  • Changing process structures