project management glossary

progress reporting

 The collection of information on work done compared to the work planned to be done.

progress trend

 An indication of whether the progress rate of an activity or of a project is increasing, decreasing, or remaining the same (steady) over a period of time.

progressive acquisition (pa)

 A strategy to acquire a large and complex system that is expected to change over its lifecycle. The final system is obtained by upgrades of system capability through a series of operational increments. PA aims to minimize many of the risks associated with the length and size of the development, as well as requirements volatility and evolution of technology.

project accountant

 The person responsible for project cost accounting services to the project. The Project Accountant is often a member of the corporate controller's department assigned to the project team.

project accounting

 The process of identifying, measuring, recording and communicating actual project cost data.