Definition - Standard

Level of Performance required. May relate to a job role (person), team, company, materials, equipment, facility, etc. Required by business model as part of achieving strategic objectives.

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EXAMPLE

The prerequisite to join the U.S. Marines is running 1.5 miles in 13:30 for males and 15:00 for females.

 

 


Definitions for The Business of Building
Building a project requires knowledge of, and skill in using thousands of construction-specific definitions, acronyms, and metrics. Building a business including the development of people has its own vocabulary forming the foundation of communication....

Definitions for The Business of Building
Building a project requires knowledge of, and skill in using thousands of construction-specific definitions, acronyms, and metrics. Building a business including the development of people has its own vocabulary forming the foundation of communication....

Definition - Business Development (BizDev)
The process of creating new business opportunities through targeted networking, education, and awareness-building activities.
Definition - Certification
The Verified Ability to do something (skill) to meet a certain level of performance (standard / competency).
Accounting and Finance (Similarities, Differences, and Integration)
For a growing contractor, understanding the differences between accounting and finance is often a challenge. The two functions are related but very different.