Earned Value Management
management tool that examines the cost,
progress, and original schedule of a given
project to determine variances from planned
profiles. Its purpose is to allow for the
prediction—with some degree of certainty—
of actual cost and schedule status at the
completion of a project, given cost and
progress at certain intervals of contract
Something of value paid as a
pledge to bind an agreement or contract,
typically money paid by a seller to a buyer.
The increase of a country's
production of goods and services, compared
from one set time period to another.
Economic data used to
interpret current or future investment
opportunities, often for the purpose of judging
the overall health of a country's economy.
1. A gap in economic continuity, the outcome of
which cannot be predicted.
2. A discontinuity in the global economy, thereby
making future predictions uncertain.
Economic Order Quantity (EOQ)
calculation used to determine a stock-level
reorder point. The calculation is based on
costs of acquisition, storage, handling, and
inventory investment to determine the most
cost-effective time and quantity to reorder.
Economically Disadvantaged Individual
individual whose ability to compete in the free
enterprise system has been impaired due to
diminished capital and credit opportunities
(U.S. SBA 2021). See also: Historically
Underutilized Business (HUB), Minority-Owned
Business Enterprise (MBE), Small Disadvantaged Business, Woman-Owned
Business Enterprise (WBE).