Glossary - Construction Project Scheduling and Control - page 487

Punch List —A list made near to the completion of a project, showing the items of
work remaining in order to complete the project scope.
Punitive Damages —Damages awarded by a judge to a plaintiff in excess of those
required to compensate the plaintiff for losses incurred. Used to punish the
defendant for wrongful conduct and to show the plight of the defendant as an
example to potential wrongdoers.
Qualitative Analysis —The determination of the likelihood of a risk occurring on a
project, as well as the assessment of the severity of that risk should it occur, and
prioritizing the resultant list of risks.
Quantitative Analysis —The assigning of a probability to the qualitative description
of a risk, ranking risks, and calculating the potential impact from both individual
risks and the cumulative effect of all identified risks.
Rain Days —See Nonworkdays .
Recovery Schedule —A schedule prepared during the course of construction, after
the project has fallen behind (either has failed to meet an interim target or has
shown serious signs of failure to meet its expected completion date), with
adjustments made by the contractor to expedite the remainder of the project in
order to ensure a timely finish.
Redundancy —A duplication in depicting logical relationships. For example, if A and
B are predecessors to C but A is a predecessor to B, then the relationship
between A and C is redundant. Redundancies often happen when inserting
activities after the logic network has been built. Unlike Logic Loop s, a
redundancy is not an error and it will not halt CPM calculations.
Relationship —See Logic Relationship .
Remaining Duration —The number of time units (days, weeks, months, etc.)
estimated to complete an in-progress activity.
Request for Change (RFC) —A request initiated by the owner, or the party
representing the owner, authorizing the contractor for a change in the scope of
the contract. The request is usually—but not always—preceded by an agreement
on the impact of the change on the cost and schedule of the project.
Request for Information (RFI) —Solicitation issued to prospective bidders, which
is used to obtain information relative to how a prospective contractor proposes
to perform certain work, its qualifications, and terms and conditions. Not used
to obtain price information.
Request for Payment —See Payment Request .
Request for Proposal (RFP) —A formal invitation by the owner or its
representative to potential bidders, containing a scope of work that seeks a
formal response (proposal) describing both the methodology and the
compensation that will form the basis of a contract.
Request for Quotation (RFQ) —A formal invitation to submit a price for goods
and/or services as specified.
Resource —Any measurable effort or substance that is required or consumed by
work activities in a project. In context of construction projects, resources are
labor, materials, and equipment.