Glossary

AC See actual cost (AC).

accept risk See risk acceptance.

accepting risk See risk acceptance.

accommodating See smoothing.

acquired resources Personnel from outside sources, such as consultants and subcontractors.

action items Project concerns that must be addressed. Action items should require few resources and usually less than one week to resolve. These items should not cause delays in the project.

actual cost (AC) The actual money spent to date on a project. AC requires no formula; it is simply the used portion of the project budget.

adaptive planning Project planning that breaks a project into small components created over an undetermined timeline, giving the project flexibility.

adjourning The team-building phase in which the team ...

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