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Three-point estimation

The three-point estimation technique is used in management and information systems applications for the construction of an approximate probability distribution representing the outcome of future events, based on very limited information. While th ...

Total project control

Total project control is a project management method that emphasizes continuous tracking and optimization of return on investment. It was developed by Stephen Devaux. It builds upon earlier techniques such as earned value management, critical pat ...

Value breakdown structure

A value breakdown structure is a project management technique introduced by Stephen Devaux as part of the total project control approach to project and program value analysis. A work breakdown structure WBS in project management and systems engin ...

Value of work done

The value of work done is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progr ...

Vendor bid analysis

Vendor Bid Analysis is a technique used to figure out the cost of a project by comparing the bids submitted by many suppliers. This can be accomplished by considering the costs presented for project work. By using a selection criteria divided int ...

Vertical slice

A vertical slice, sometimes abbreviated to VS, is a type of milestone, benchmark, or deadline, with emphasis on demonstrating progress across all components of a project. It may have originated in the video game industry. The term "vertical slice ...

Quality assurance

Quality assurance is a way of preventing mistakes and defects in manufactured products and avoiding problems when delivering products or services to customers; which ISO 9000 defines as "part of quality management focused on providing confidence ...

Accreditation

Accreditation is the process in which certification of competency, authority, or credibility is presented. Organizations that issue credentials or certify third parties against official standards are themselves formally accredited by accreditatio ...

Certification and Accreditation

Certification and accreditation is a process for implementing any formal process. It is a systematic procedure for evaluating, describing, testing, and authorizing systems or activities prior to or after a system is in operation. The process is u ...

European Association for Quality Assurance in Higher Education

The European Association for Quality Assurance in Higher Education, formerly the European Network for Quality Assurance in Higher Education, was established as an organization to represent quality assurance and accreditation organisations from th ...

Maintenance philosophy

Operational Verification is any action that is performed to verify that the item or system is operational. This generally involves using the system in its normal mode of operation, which could involve actual operation or simulated operation.

Micro Focus Quality Center

Micro Focus Quality Center, formerly known as HP Quality Center is a quality management software offered by Micro Focus, who acquired the software division of Hewlett Packard Enterprise in 2017, with many capabilities acquired from Mercury Intera ...

Plastic weld non-destructive examination

A variety of non-destructive examination techniques are available for inspecting plastic welds. Many of these techniques are similar to the ones used for inspecting metal welds. Traditional techniques include visual testing, radiography, and vari ...

Program assurance

Program assurance is a systematic approach to measure the likelihood of success of a program and proposing improvements that will ensure success. It is used for: performing internal and independent reviews and assessments for program performance, ...

State Acceptance of Production

State Acceptance of Production, commonly abbreviated as State Acceptance, was a procedure of quality assurance of production of enterprises in late Soviet Union introduced under Mikhail Gorbachev within the framework of perestroika. The correspon ...

Testing, inspection and certification

The Testing, Inspection and Certification sector consists of conformity assessment bodies who provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification. The sector consists of both in-hou ...

Design for Inspection

Design for Inspection is an engineering principle that proposes that inspection methods and measurement instruments used to certify manufacturing conformity, should be considered early in the design of products. Production processes should be des ...

Final quality audit

The final quality audit process, in the electronic hardware manufacturing world, is the last process flow before shipping a product. This process is established to ensure the unit has gone through and passed all the manufacturing or test process ...

First article inspection

A first article inspection is a design verification and design history file and a formal method of providing a reported measurement for each manufactured feature of a part or assembly. Typically the supplier performs the FAI and the purchaser rev ...

First water

In the gemstone trade, first water means "highest quality". The clarity of diamonds is assessed by their translucence; the more like water, the higher the quality. The 1753 edition of Chambers Encyclopedia states "The first water in Diamonds mean ...

Go/no go

In general go/no go testing refers to a pass/fail test principle using two boundary conditions or a binary classification. The test is passed only when the Go condition is met and also the No go condition fails. The test gives no information as t ...

Go/no go gauge

A go/no-go gauge refers to an inspection tool used to check a workpiece against its allowed tolerances via a go/no-go test. Its name is derived from two tests: the check involves the workpiece having to pass one test and fail the other. ISO 1502 ...

Lot number

A lot number is an identification number assigned to a particular quantity or lot of material from a single manufacturer. Lot numbers can typically be found on the outside of packaging. For cars, a lot number is combined with a serial number to f ...

National Alliance of Concurrent Enrollment Partnerships

The National Alliance of Concurrent Enrollment Partnerships is a professional organization for college and high school partnerships offering college courses in American high schools. NACEP was established in 1999 in response to the dramatic incre ...

OpenVMS

OpenVMS is a multi-user, multiprocessing virtual memory-based operating system designed for use in time-sharing, batch processing, and transaction processing. It was first released by Digital Equipment Corporation in 1977 as VAX/VMS for its serie ...

Process capability

A process is a unique combination of tools, materials, methods, and people engaged in producing a measurable output; for example a manufacturing line for machine parts. All processes have inherent statistical variability which can be evaluated by ...

Process capability index

In process improvement efforts, the process capability index or process capability ratio is a statistical measure of process capability: the ability of a process to produce output within specification limits. The concept of process capability onl ...

Quality of analytical results

Quality of measurements made in chemistry and other areas is an important issue in today’s world as measurements influence quality of life, cross-border trade and commerce. In this respect, EN ISO 17025 is the main standard used by testing and ca ...

Surface plate

A surface plate is a solid, flat plate used as the main horizontal reference plane for precision inspection, marking out, and tooling setup. The surface plate is often used as the baseline for all measurements to a workpiece, therefore one primar ...

Consumer credit risk

The following article is based on UK market, other countries may differ. Consumer credit risk also retail credit risk is the risk of loss due to a consumers failure or inability to repay default on a consumer credit product, such as a mortgage, u ...

Credit analysis

Credit analysis is the method by which one calculates the creditworthiness of a business or organization. In other words, It is the evaluation of the ability of a company to honor its financial obligations. The audited financial statements of a l ...

Recovery swap

In finance, recovery swaps, recovery locks, or recovery default swaps are derivative contracts related to credit default swaps, and reference a bond issuance as its underlying. They are designed to provide a hedge against the uncertainty of recov ...

Credit spread (bond)

In finance, the yield spread or credit spread is the difference between the quoted rates of return on two different investments, usually of different credit qualities but similar maturities. It is often an indication of the risk premium for one i ...

Z-spread

The Z-spread, ZSPRD, zero-volatility spread or yield curve spread of a mortgage-backed security is the parallel shift or spread over the zero-coupon Treasury yield curve required for discounting a pre-determined cash flow schedule to arrive at it ...

Reinvestment risk

Reinvestment risk is one of the main genres of financial risk. The term describes the risk that a particular investment might be canceled or stopped somehow, that one may have to find a new place to invest that money with the risk being that ther ...

Bridge Alliance

The Bridge Alliance is a business alliance of 34 major mobile telecommunications companies in Asia, Australia, Africa and the Middle East. The alliance is built on seamless service connectivity and a suite of integrated value-added services for a ...

FreeMove

FreeMove is a mobile telecommunications organisation, designed to provide better service integration for its members roaming customers. Formed in 2003, FreeMove brings together Orange, Deutsche Telekom, Telecom Italia and TeliaSonera. FreeMove me ...

Business opportunity

A business opportunity involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist th ...

Press-A-Print

Press-A-Print International LLC is an American business that sells a business opportunity in the specialty printing industry. With over 3.500 Owner/Operators, Press-A-Print is the largest group of independent specialty printers/distributors. Pres ...

INTERFET logistics

The logistical support of the multinational International Force East Timor peacekeeping mission in 1999 and 2000 involved, at its peak, 11.693 personnel from 23 countries. Of these 5.697 were from Australia, making it the largest deployment of Au ...

Battle of Pusan Perimeter logistics

Logistics in the Battle of Pusan Perimeter during the Korean War played a decisive role in the battle. Efficient logistics, the management of personnel and materiel, supported United Nations supply lines while the North Koreans routes of supply w ...

Impact sourcing

Impact sourcing, also known as socially responsible outsourcing, refers to an arm of the business process outsourcing industry that employs people at the base of the pyramid or socioeconomically disadvantaged individuals as principal workers in b ...

Media Process Outsourcing

Media process outsourcing is a subset of outsourcing, providing a range of services to media and entertainment companies globally. Cost savings and availability of skilled manpower remain the prime drivers pushing the popularity of the industry. ...

NIX (company)

Nix is a group of companies with a team of 2.000 people worldwide, a software developer, a specialist in the field of it consulting, management and support, the pioneer of Ukrainian it industry.

Online outsourcing

Online outsourcing is the business process of contracting third-party providers to supply products or services which are delivered and paid for via the internet.

Sourcing agent

In most cases in todays global market, sourcing agents are located in low cost countries. High cost country companies, who want to gain competitive advantages by purchasing components, products or materials from low cost countries such as China, ...

Vested outsourcing

Vested is a hybrid business model in which both parties in an outsourcing or business relationship focus on shared values and goals to create an arrangement that is mutually beneficial to each. The Vested model argues that traditional outsourcing ...

Best value procurement

Best value procurement is a procurement system that looks at factors other than only price, such as quality and expertise, when selecting vendors or contractors. In a best value system, the value of procured goods or services can be simply descri ...

Bid and proposal

In procurement of goods or services, the bid and proposal are a firms plan and proposed cost for fulfilling the conditions outlined in a request for proposal or other information gathering or supplier contact activity. The development of a bid an ...

Cabinet Secretary for Infrastructure, Investment and Cities

The Cabinet Secretary for Infrastructure, Investment and Cities was a position in the Scottish Government Cabinet. The Cabinet Secretary had responsibilities for infrastructure, procurement, transport, European Structural Funds, Scottish Water an ...