Ability to take up criticism and follow up along with mindset that of an activist, and not that of a liberal or a radical.

A gradual increase in punishment in accordance with the frequncy of crime commitment.

Distribution of payment period at certain different stages, to be made to a contractor, according to the work being done.

Income tax, which is proportion to the income of the individual and the burden of tax falls on high income individuals.

A group of related taks execution under a certain financial budget restrain and limited time period.

Major theoritical evaluation of the economic, enviromental, financial, social, techinical and any other aspect in comparing with the projected objective.

Seven major milestones through which each successful project undergoes, 1. Identification of pragmatic project notion. 2. transformation of the notion into appraisal 3. evaluation of different aspects of the project 4. Presentation:

Phenomenon in which the different aspects of the project are thought over and the duration, cost and major events are discussed and main concerns are recognized and addressed.

Phenonomenon by which a project is bid for construction.

A mode of financing the project where the repayment is based on the cash flows after the completion of the project and the fixed assets involved in the project are kept as

A group of employees who review the principles, techinical aspect, functioning and machinary in a project.

Someone who sketches out the functioning, along with organisation of relevant resources required to accomplish a project.

US Department of Housing and Urban Development backed short term debt securities used to finance construction of partially state-funded residential complexes and federal constuctions. There sole purpose is the aforementioned one and

The initiator, beneficior, financer and contractor of a project.

Phenonomenon including the analysis of different stages of the project and respective scheduling.

A calculated analysis of the present value of an employee’s post work pension assuming the employee would still work. In the company’s accounts, it is the pension liability of the company.

Accumulative sum of spending (cost) on a fixed asset over the span of its lifetime, including expenditure over the repair, maintenance, and caretaking of the fixed asset.

1. Planning: Phenomenon of making calculated guess into future according to the past trends. 2. Psychology: Superimposition of one’s perceived unwanted notions, emotions onto others.

It is projected amount minus the real amount.

A UK government initiative, which focuses on remitting the project purpose, not just the planning and observation part of the project, normally used for management of large projects.