Variation

Change Management

The process of handling changes to project scope, schedule, and budget.

Change Order

A written document that alters the scope of work, cost, or schedule in a construction contract.

Change Order

A written document that alters the project’s scope, schedule, or budget after the project has begun.

Change Order

A written agreement that modifies the scope, price, or schedule of a construction contract.

Cost Inflation

The increase in costs over time due to changes in economic conditions.

Escalation

Adjusting contract prices to account for changes in costs over time.

Risk Register Update

Periodically updating the risk register with new risks or changes to existing ones.

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