project management glossary

weighting

 The process of assigning "weights" to different objects, especially to competing tenders, according to some established criteria for evaluating their relative merits or value and hence for making a logical and justifiable selection.

well managed project

 One that is optimized for effectiveness in its planning phases but emphasizes efficiency in its implementation phases that include commissioning, startup and close out.

wet and dry test runs

 A procedure for testing plant and equipment prior to full commissioning. Dry test runs imply tests without product throughput, e.g. the testing of electrical power systems for continuity and integrity without applying the main power supply. Wet test runs imply running the equipment up to full load or higher with product, e.g. running pumping station tests and observing the flow of water, vibration, tendency towards cavitation and so on.

what market will bear

 A condition where the seller pushes the price of its product up to a point where sales are still viable, but beyond which buyers become reluctant to buy the product and sales start to fall.