process cost
91Total cost management — (TCM) is the name given by AACE International to a process for applying the skills and knowledge of cost engineering. It is also the first integrated process or methodology for portfolio, program and project management. AACE first introduced the… …
92Markov decision process — Markov decision processes (MDPs), named after Andrey Markov, provide a mathematical framework for modeling decision making in situations where outcomes are partly random and partly under the control of a decision maker. MDPs are useful for… …
93Recruitment Process Outsourcing — (RPO) is a form of business process outsourcing (BPO) where an employer outsources or transfers all or part of its recruitment activities to an external service provider. To quote the Recruitment Process Outsourcing Association, Recruitment… …
94Knowledge process outsourcing — (KPO) is a form of outsourcing, in which knowledge related and information related work is carried out by workers in a different company or by a subsidiary of the same organization, which may be in the same country or in an offshore location to… …
95Business process improvement — (BPI) is a systematic approach to help an organization optimize its underlying processes to achieve more efficient results. The methodology was first documented in H. James Harrington’s 1991 book Business Process Improvement.[1] It is the… …
96Business process management — (BPM) is a method of efficiently aligning an organization with the wants and needs of clients. It is a holistic management approach that promotes business effectiveness and efficiency while striving for innovation, flexibility and integration… …
97Unified Process — The Unified Software Development Process or Unified Process is a popular iterative and incremental software development process framework. The best known and extensively documented refinement of the Unified Process is the Rational Unified Process …
98Engineering design process — An engineering design process is a process used by engineers to help develop products. the engineering design is defined as … the process of devising a system, component or process to meet desired needs. It is a decision making process (often… …
99Business process outsourcing — (BPO) contains the transmission of processes along with the associated operational activities and responsibilities, to a third party with at least a guaranteed equal service level and where the client contains a firm grip over the (activities of… …
100Least-cost routing — In international voice telecommunications, least cost routing (LCR) is the process that provides customers with cheap telephone calls. Within a telecoms carrier, an LCR team will be choosing routes from between twenty to over one hundred… …
