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Supply Chain Glossary - P

Supply Chain Glossary - P

projection also extrapolation

Syn: extrapolation.

In project management, a set of project phases (objectives definition, requirements definition, external and internal design, construction, system test, and implementation and maintenance), whose definition is determined by the needs of those controlling the project.

The use of skills and knowledge in coordinating the organizing, planning, scheduling, directing, controlling, monitoring, and evaluating of prescribed activities to ensure that the stated objectives of a project, manufactured good, or service are achieved. See: project.

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