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Bus/Financial - Construction / Civil Engineering / Tāmes | | Latvian term or phrase: Pasūtītāja rezerve | jeb pasūtītāja finanšu rezerve.
Pozīcija tāmē.
Paldies! |
| | | English translation:customer's reserve | Explanation:
[p 644] "Some people confuse the management reserve with the definition of a “reserve” or “contingency” fund. In the author's opinion, the management reserve is controlled by the project manager of the performing organization and used for escalations in salaries, raw material prices, and overhead rates. The management reserve may also be used for unforeseen problems that may occur. The management reserve should not be used to cover up bad planning estimates or budget overruns."
[p 645] "Also, the management reserve should not be used for scope changes. Scope changes should be paid for out of the CUSTOMER’S RESERVE or contingency fund. In other words, the management reserve generally applies to the performing organization, whereas the contingency reserve is controlled by the customer for the scope changes that may be requested by the performing organization."
Avots -- Project Management: A Systems Approach to Planning, Scheduling, and Controlling, Tenth Edition
By: Harold Kerzner
Publisher: John Wiley & Sons
Pub. Date: March 23, 2009
http://my.safaribooksonline.com/book/software-engineering-an...
jeb
http://tinyurl.com/69f8jdb
(atrodama arī vietnē "Google Books") |
| Selected response from:
 Valters Feists
Latvia
Local time: 08:35
| Grading comment Paldies, Valter!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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8 hrs confidence:   customer's reserve
Explanation:
[p 644] "Some people confuse the management reserve with the definition of a “reserve” or “contingency” fund. In the author's opinion, the management reserve is controlled by the project manager of the performing organization and used for escalations in salaries, raw material prices, and overhead rates. The management reserve may also be used for unforeseen problems that may occur. The management reserve should not be used to cover up bad planning estimates or budget overruns."
[p 645] "Also, the management reserve should not be used for scope changes. Scope changes should be paid for out of the CUSTOMER’S RESERVE or contingency fund. In other words, the management reserve generally applies to the performing organization, whereas the contingency reserve is controlled by the customer for the scope changes that may be requested by the performing organization."
Avots -- Project Management: A Systems Approach to Planning, Scheduling, and Controlling, Tenth Edition
By: Harold Kerzner
Publisher: John Wiley & Sons
Pub. Date: March 23, 2009
http://my.safaribooksonline.com/book/software-engineering-an...
jeb
http://tinyurl.com/69f8jdb
(atrodama arī vietnē "Google Books")
Example sentence(s):- reserve - money kept in a separate account to meet future liabilities
- client(Goede.1997,S.326),customer(Goede.1997,S.326),buyer(Kiesel.1999,S.132)[..],purchaser [..] Definition: The person or group that is/are the recipient(s) of a product or service, the direct beneficiary(ies) of a project's product or service.
Reference: http://research.lawyers.com/glossary/reserve.html
Reference: http://www.eurotermbank.com/Search.aspx?text=customer&langfr...
| Valters Feists
Latvia
Local time: 08:35
Works in field
Native speaker of:  Latvian
PRO pts in category: 8
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17 hrs confidence:
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