project management glossary

forced analysis

 Most PM software can force schedule analysis where a project is re-analyzed even if no new data has been entered. The feature is used for an analysis on the project by itself after it has been analyzed with other projects in multi- project processing (or vice versa). A leveled schedule may also be removed by forcing schedule analysis.

forcing

 The project manager uses his power to direct the solution. This is a type of win-lose agreement where one side gets its way and the other does not.

forecast

 An estimate and prediction of future conditions and events based on information and knowledge available at the time of the forecast.

forecast at completion (fac)

 Scheduled cost for a task.

forecast final cost

 The sum of committed cost and estimated to complete.

 The anticipated cost of a project or component when it is complete. The sum of the committed cost to date and the estimated cost to complete.

 See Cost Types and Estimate at Completion.