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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Schedule Specification?
What is Schedule  Specification?  

What is Schedule Specification?


Schedule Specification is a common term referring to a supplementing document that describes some additional information or special time-related conditions for the associated contract. The document specifies rules and requirements for time management procedures (for example, specific delivery terms, possible delays).

Schedule specification is usually designed by the customer who should create a drafted version of the document and submit it to the contractor for review and approval. Its purpose is to make the contract as clear and feasible as possible through addressing the following issues:

  • Schedule variance (a time deviation from the schedule baseline)
  • Resource leveling (how resources can be best allocated and used during contract implementation)

A typical schedule specification demonstrates the following information:

  • Level of activity detailing
  • Start and finish of each activity scheduled
  • Activity sequence
  • Dependence of every activity on completion of the preceding activity
  • Possible effect of preceding activities to subsequent ones.

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