Glossary of project business terms
The vocabulary of project business is used loosely, and two people in the same meeting often mean different things by the same word. These entries define each term, give the formula where there is one, and say what it is usually confused with.
Money and margin
- Billability
- Project profitability
- Contribution margin
- Hourly rate calculation
- Overhead rate
- Gross margin
- Cost allocation
- Margin calculation
- Profitability
- Revenue forecasting
People and capacity
- Utilization rate
- Capacity planning
- Capacity utilization
- Resource management
- Workload management
- Resource allocation
Projects and delivery
- Scope creep
- Project controlling
- Time and material
- Fixed price project
- Retainer model
- Time tracking
- Project-based business