Glossar
Project controls has a language of its own, and in a meeting it decides whether everyone actually means the same thing. This glossary explains the terms we meet every day in schedules, reports and steering committees.
Every entry starts with a short definition that stands on its own; below it you find the context from project practice.
BAC (budget at completion)
Short definition: The BAC is the planned total budget of a project at the point of completion, that is the sum of the budgeted costs of all work packages. It is the reference value against which every cost variance is measured in earned value analysis.
The BAC only changes during a project when the scope is formally changed, which makes it the stable anchor of cost control. It is frequently confused with the EAC (estimate at completion), the continuously updated forecast of actual final cost.
In practice the gap between BAC and EAC is worth watching: it is the number a steering committee actually discusses.
Synonyms: Total budget, planned budget at completion
BEI (baseline execution index)
Short definition: The BEI measures how many activities have actually been completed, divided by the number of activities that should have been complete by the data date according to the baseline. A value below 1.0 means the project is behind its planned work progress.
The BEI is one of the 14 DCMA checks and is usually treated as critical below 0.95. Its advantage over percentage progress figures is that it counts completed activities, which makes it considerably harder to talk up.
Its weakness is equal weighting: a trivial activity counts as much as a critical one. The BEI therefore complements a critical path review rather than replacing it.
Synonyms: Baseline execution rate
CAPEX (capital expenditure)
Short definition: CAPEX refers to investment spending on long-term assets such as plants, buildings or machinery, which are capitalised and depreciated over their useful life. In capital projects, CAPEX is the budget from which engineering, procurement and construction are paid.
The boundary to OPEX (ongoing operating expenditure) often decides how a project is approved in practice, and therefore how tightly it is scheduled. Maintenance work during a shutdown frequently sits exactly on that line.
For schedule control one point matters: CAPEX approvals are usually granted in stages. Every approval stage is a milestone that belongs in the schedule, because it can block procurement activities.
Synonyms: Capital investment, investment cost
CPLI (critical path length index)
Short definition: The CPLI relates the length of the critical path to the time remaining until the contractual completion date. A value of 1.0 means the date is met without any reserve; a value below 1.0 shows that the date has already been missed arithmetically.
The CPLI is one of the 14 DCMA checks, with 0.95 as the usual threshold. It answers a question a bar chart cannot: how much time reserve is genuinely left between today and the completion date?
The CPLI only becomes meaningful as a trend. A single value is a snapshot; three reporting periods with a falling CPLI are an early warning that demands a control decision.
Synonyms: Critical path index
DCMA 14-point assessment
Short definition: The DCMA 14-point assessment is a standardised review procedure of the US Defense Contract Management Agency that examines a schedule for structural quality against 14 measurable criteria. Among others it checks missing logic, constraints, float, overly long activities and the credibility of the critical path.
The assessment does not judge whether the planned dates are realistic, but whether the schedule is capable of calculating delay correctly at all. A schedule that passes may still be too optimistic. A schedule that clearly fails, however, cannot be controlled.
In practice the thresholds are used to start a conversation, not to pass judgement: every deviation needs an explanation, and contractually justified constraints are an entirely legitimate deviation.
Synonyms: DCMA 14, 14-point analysis, DCMA schedule assessment
EPC (engineering, procurement, construction)
Short definition: EPC describes a contract model in which one contractor owes engineering, procurement and construction of a plant as a single scope and hands it over ready for operation. The owner therefore has one contractual partner for the whole scope and carries less interface risk.
For schedule control an EPC contract shifts the decisive question: the focus is no longer the coordination of trades but the traceability of the schedule the contractor submits.
That is exactly where structural assessments such as the DCMA 14 analysis come in. They give the owner an objective criterion for judging how reliable a submitted schedule is.
Synonyms: EPC contract, turnkey delivery, main contractor model
Float (schedule buffer)
Short definition: Float is the amount of time an activity can be delayed without endangering the project completion date. Activities with zero float form the critical path; negative float indicates that a date can no longer be met.
Total float (delay without affecting the completion date) has to be distinguished from free float (delay without affecting the earliest start of the successor). The schedule calculates both values itself. They are not an estimate.
Conspicuously high float is almost always a logic error in practice: an activity with 400 days of float usually simply has no successor. That is exactly what the DCMA 14 analysis checks.
Synonyms: Total float, free float, slack, time reserve
Lookahead planning
Short definition: Lookahead planning is a rolling detailed plan that takes the next four to six weeks out of the master schedule and checks, for every activity, whether all conditions for starting are in place. Its output is not a forecast but a list of concrete tasks with owners and due dates.
The benefit comes from the rhythm, not from the level of detail: weekly rounds surface obstacles while they can still be removed: missing material, outstanding approvals, preceding work that has not been accepted.
Lookahead planning does not replace the schedule. It feeds it: every unresolved obstacle becomes a justified shift in the next update.
Synonyms: Rolling wave planning, weekly work plan, six-week lookahead
Milestone trend analysis
Short definition: Milestone trend analysis plots the forecast dates of selected milestones at every reporting date, making their movement over time visible. A rising line means delay, a falling line acceleration and a horizontal line a stable date.
The value of the chart lies in the trend: it shows not only that a milestone has moved but whether the move is part of a pattern. That is exactly what distinguishes a one-off disruption from a systematic problem.
It requires discipline about reporting dates: if forecasts are entered irregularly or corrected retrospectively, the analysis loses all meaning.
Synonyms: MTA, milestone trend chart
Schedule baseline
Short definition: The schedule baseline is the schedule frozen and formally approved at a given date, against which all later progress is measured. Without it there is no planned/actual comparison, because the yardstick would otherwise move with every update.
A baseline is only re-set when the scope is formally changed, not because dates no longer fit. That discipline is what makes variances visible in the first place.
In practice it pays to document the baseline together with its assumptions: assumed delivery times, permit durations, resource availability. Without them nobody can later judge whether a variance was a planning error or a changed boundary condition.
Synonyms: Baseline, target schedule, approved schedule