Appendix 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 |
| Table Continued | ||
| 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 control system | MOD |
| 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 |
| Table Continued | ||
| 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, timebound | MOD |
| 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 |
| Table Continued | |
| 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 |
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