"To survive and profit in the 21st century world, organizations must plan their operations well into the future, including cause and effect of fiscal realities, both within and outside a project's principal scope.
The methods, concepts and tools discussed in this glossary provide managers, planners and engineers the means to determine a course of action resulting in the lowest cost, greatest profit, lowest financial risk, or other criteria; often based on comparative cost studies. Decision making information is derived, using the time-value of money for projects with one or more capital components. Examples include the setting of rates, taxes, revenues, fees or tariffs related to a civil works project or a new product, determining the feasibility of an undertaking, or to meet regulatory requirements.
Acleris uses business tools like these for analysis of complex client projects and have prepared this glossary to give managers and planners access to the knowledge relating to making sound economic business decisions, ever more necessary in our increasingly competitive yet cost constrained global industrialized society. We believe that organizations can make better decisions using these powerful tools, especially after the legacy of the dartboard economic decisions of the dot-com era."
Via Stefano KaliFire