project management glossary

wage

 Money paid as compensation for labor or services usually according to contract and on an hourly, daily, or piecework basis.

waiver

 A document stating a cancellation or reduction of a requirement.

 Buyer action that grants contract relief from achieving specified performance. Usually applied when the required performance is not worth the cost and/or schedule to achieve full compliance.

walk-through

 The examination of the quality of an operational procedure or test by simulating the actual execution but bypassing high risk or expensive operations. It ensures that personnel and equipment are ready to carry out the real thing.

 A peer group mentally stepping through software design and logic flow with test cases to identify errors.

warranty

 A promise or affirmation given by a contractor to the government regarding the nature, usefulness, or condition of the supplies or performance of services furnished under the contract.