Event Planning Software Terminology

Actuals: the cost or effort associated with tasks.

Bottom-Up Estimating: estimating the size and budget of a planned event and the risks involved with it.

Budget: the approximated expense and income of a project.

Change Control: adjusting any budget or schedule related changes to the plan.

Client: the beneficiary of the planned event.

Closing: the official reference to bringing an event to an orderly end.

Dependency: refers to the relationship between two or more tasks/ activities.

Duration: the length of time required for an activity.

Float: planned time for slips in a project that would still not result in serious delays.

Goods: any merchandise or commodities required to complete a project.

Management Reserve: budget allocated for unpredictable expenses.

Murphy's Laws: the "monster" of all event planners; a set of laws regarding the perverse nature of things.

Predecessor Task: a task or activity that must be completed before any other task can be performed.

Product: the outcome of an event.

Resource: human resources, tools, facilities used in executing a project.

Risk Planning: the identification of actions required to reduce risks within a project.

Scope: the total assembly of deliverables to be produced by a project.

Stakeholder: anybody with a stake in the planned event.

Variance: the difference between approximated size and cost of an event and its actual outcome.