project management glossary
obligation
A duty to make a future payment of money. The duty is incurred as soon as an
order is placed, or a contract is awarded for the delivery of goods and/or the
performance of services. The placement of an order is sufficient. An Obligation
legally encumbers a specified sum of money which will require outlay(s) or
expenditures in the future.
Includes all anticipated expenditures which reporting personnel believe
that the authority is obliged to pay, i.e. cannot get out of.
obs
See Organizational Breakdown Structure
observation
The recognizing, noting and recording of facts or occurrences, often
involving measuring with instruments.
observation units
A group of people set up for purposes of
recognizing, noting and recording facts or occurrences, often involving
measurement with instruments, or
The units of measurement used in
making observations.
obsolete
No longer current.
