APPE NDIX 2

Abbreviations and Acronyms Used in

Project Management
Abbreviation Meaning Usage
ACC Annual capital charge Finance
ACWP Actual cost of work performed EVA
ADR Alternative dispute resolution Construct
ANB Adjudicator nominating body Construct
AoA Activity on arrow CPA
AoN Activity on node CPA
APM Association for project management PM
ARM Availability, reliability, maintainability MOD
BC Business case PM
BCWP Budgeted cost of work performed EVA
BCWS Budgeted cost of work scheduled EVA
BoK Body of knowledge PM
BOQ Bill of quantities Construct
BS British standard General
BSI British standards institution General
CAD Computer-aided design General
CAM Computer-aided manufacture General
CAR Contractor’s all risk Construct
CBS Cost breakdown structure PM
CDM Construction, design and management Construction
CEN Comité Européen de Normalisation General
CIF Carriage, insurance, freight Procurement
CM Configuration management PM
CPA Critical path analysis PM
CPA Contract price adjustment Procurement
CPD Continuing professional development General
CPI Cost performance index EVA
CPM Critical path methods CPA
CSCS Cost and schedule control system EVA
CV Cost variance EVA
CV Curriculum vitae General
DCF Discounted cash flow Finance
DDP Delivery duty paid Procurement
DIN Deutsche Industrie Normen General
EAC Estimated cost at completion EVA
ECC Estimated cost to complete EVA
Continued

555
556 Appendix 2

—Cont’d

Abbreviation Meaning Usage

ECHR European Convention of Human Rights Governance
EU European Union Governance
EV Earned value EVA
EVA Earned value analysis PM
EVMS Earned value management system EVA
FCC Forecast cost to complete EVA
FF Free float CPA
FLAC Four letter acronym General
FMEA Failure mode and effect analysis MOD
FOB Free on board Procurement
FOR Free on rail Procurement
HAZOP Hazard and operability General
HR Human resources General
HSE Health and safety executive General
H&S Health and safety General
IA Investment appraisal Finance
IPMA International Project Management Association PM
IPMT Integrated Project Management Team PM
IPR Intellectual property rights General
IRR Internal rate of return Finance
IS Information systems General
ISEB Information Systems Examination Board General
ISO International Organization for Standardization General
IT Information technology General
ITT Invitation to tender Procurement
JIT Just in time General
KPI Key performance indicator PM
LAD Liquidated ascertainable damages Construct
LCC Life cycle costing PM
LD Liquidated damages Construct
LOB Line of balance Construct
LRM Liner responsibility matrix PM
MOD Ministry of Defence General
MTO Material take-off Construct
NDT Non-destructive testing Construct
NOSCOS Needs, objectives, strategy and organizations MOD
control system
NPV Net present value Finance
OBS Organization breakdown structure PM
OD Original duration EVA
OGC Office of government trading General
ORC Optimal replacement chart Finance
ORM Optimal replacement method Finance
P3 Projects, programmes and portfolios PM
PBS Product breakdown structure PM
 Abbreviations and Acronyms Used in Project Management 557

Abbreviation Meaning Usage

PDM Precedence diagram method CPA
PEP Project execution plan PM
PID Project initiation document PM
PERT Program evaluation and review technique CPA
PFI Private finance initiative Finance
PM Project management PM
PM Project manager PM
PMI Project management institute PM
PMP Project management plan PM
PPE Post-project evaluation PM
PPP Public–private partnership Finance
PRD Project definition PM
QA Quality assurance General
QC Quality control General
QMS Quality management system General
QP Quality plan General
R&D Research and development General
RFQ Request for quotation Procurement
RR Rate of return Finance
SFR Sinking fund return Finance
SMART Specific, measurable, achievable, realistic, MOD
timebound
SOR Schedule of rates Construct
SOW Statement of work PM
SPI Schedule performance index EVA
SRD Sponsor’s requirement definition PM
SV Schedule variance EVA
TCP Time, cost and performance PM
TF Total float CPA
TQM Total quality management General
TOR Terms of reference General
UCL University College London PM
VA Value analysis General
VE Value engineering General
VM Value management General
WBS Work breakdown structure PM

Acronyms Used in Project Management

ARM Availability, reliability, maintainability

BIM Building information modelling
CAD/CAM Computer-aided design/Computer-aided manufacture
CADMID Concept, assessment, demonstration, monitoring,
in-service, disposal
CFIOT Concept, feasibility, in-service, operation, termination
Continued
558 Appendix 2

—Cont’d

CS2 (CSCS) Cost and schedule control system

EMAC Engineering man-hours and cost
FLAC Four letter acronym
HASAWA Health and Safety at Work Act
IPMA International Project Management Association
NAPNOC No agreed price, no contract
NEDO National Economic Development Office
NIMBY Not in my backyard
NOSCOS Needs, objectives, strategy and organization control
system
NOSOCS&R Needs, objectives, strategy, organization control,
system and risk
PAYE Pay as you earn
PERT Program evaluation and review technique
PESTLE Political, economic, sociological, technological, legal,
environmental
PRAM Project risk analysis and management
PRINCE Projects in a controlled environment
RAMP Risk analysis and management for projects
RIDDOR Reporting of Injuries, Diseases & Dangerous
Occurrences Regulations
RIRO Rubbish in–rubbish out
SAPETICO Safety, performance, time, cost
SMAC Site man-hours and cost
SMART Specific, measurable, achievable, realistic and time
bound
SOW Statement of work
SWOT Strengths, weaknesses, opportunities and threats