project management glossary
operators manual
A document providing instructions on how to operate the system.
opl
opportunities
The potential for improving the value of the project results.
opportunity
The cumulative effect of the chances of uncertain occurrences which will
affect project objectives positively. Opportunity is the opposite of risk.
opportunity cost
The value of an opportunity that is lost or sacrificed when the choice of
one course of action requires that another course of action must be given up. A
non-accounting value that can be significant in certain circumstances, usually
as a consequence of limited resources. It is measured by the profit that could
have been generated had the resources been available.
