Dictionary of Procurement Terms

Visual presentation of a project that shows tasks or activities and their status on scheduled timelines in a graphic format.

1. A role that contributes to the positive functioning of a group. 2. A relationship-oriented role in a team that encourages communication and participation from all team members, invites and clarifies ideas, and focuses on the assigned task.

An agent who has much broader powers and more latitude in using their own judgment to carry out duties assigned to them by their principals; they act on behalf of the principal on a continuous basis.

A legal agreement signed by 23 countries on October 30, 1947, that facilitates tariff negotiations and provides for the discussion and resolution of international trade issues.

An indirect cost that includes any management, financial, or other expense that is for the management and administration of the business unit as a whole, and which cannot be identified with a smaller business unit.